"Russia and the world: challenges of the new decade."

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Россия выйдет на докризисный уровень ВВП в 2012 году

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Finance Minster Kudrin's speech at the conference
http://www.vesti.ru/doc.html?id=337170&tid=76773

Russia after 2012 must decrease a budget deficit to levele less than 1% of GDP if the price per barrel of oil will be $60, - said Finance Minister Alexei Kudrin. He spoke at the conference "Russia and the world: challenges of the new decade." (http://www.vesti.ru/theme.html?tid=76773) for TV Channel "Russia 24" and the BBC News website broadcasting.

"Now we now need to put forward the efficiency programs in all areas, including structural reform. No time for thiking has left. Already at this spring, the preparation of the budget will be done for the next three years old - from 2011 to 2013/ It should include elements of the reforms, improving the expendetures, the return of each of the spent ruble, - Kudrin said. - We will announce these areas in the next two weeks."

According to Finance Minister, a meeting of the Working Group on the effectiveness of state spending will be held, whereby the Group is headed by Kudrin and Deputy Prime Minister Sergei Sobyanin. "Then, within two months we will finalize the program in its final form, which will take 1 - 1,5 year to materialize, to bring our appetites, program effectiveness in a more appropriate form", - said Alexei Kudrin.

"We will reach the pre-crisis level of GDP in 2012 - Finance Minister said. - This is a moderately optimistic." But the global crisis, he said, has not yet been completed. "Still it will bring us new surprises. Already thate yre locally obvious - in Dubai, Greece, as well as the situation in some large banks", - believes Alexei Kudrin.