Govt to discuss debt policy till 2014 & cuts for residents of SEZ.

MOSCOW, August 11 (Itar-Tass) - The Russian government presidium will
map out the main areas of the debt policy for 2012-2014 at its meeting on
Thursday. The report will be delivered by Deputy Finance Minister Sergei
Storchak.
According to the ministry's plans, Russia may borrow 606.1 billion
roubles (203.8 billion roubles in 2012, 201.8 billion roubles in 2013 and
200.5 billion roubles in 2014). At the same time, state domestic
borrowings in 2012 are expected to be 1,602 billion roubles and in 2014 -
1, 626 billion roubles.
At the same time, the Finance Ministry calls "for limiting placement
of capital of Euro bonds in roubles in the international market".
"State borrowings will be the main source of financing the deficit of
the federal budget, which will persist over the entire planned period,"
the document stresses. The volume of the state debt will rise annually
over the planned period, reaching 12 trillion roubles by the end of 2014
or 17 percent of the GDP.
The Finance Ministry noted that it amounts to 4.6 trillion roubles as
of July 1, including the state domestic debt - 3,600 billion roubles and
the foreign debt - 36.8 billion US dollars (or one trillion roubles).
Later in the day, Deputy Finance Minister Sergei Shatalov will submit
draft amendments to the Tax Code, cutting down the tax load on residents
of special technology development economic zones.
"It is planned to set a tax rate for the tax on profit of resident
organisations of special technology development economic zones, subject
for deduction to the federal budget equal to zero percent," the document
says.
The ministry also suggests "providing for a possibility of
establishing by laws of subjects of the Russian Federation lower tax rates
for the tax on profit of organisations, subject to deduction to budgets of
subjects, but no higher than 13.5 percent".
Interior Minister Rashid Nurgaliev will describe the meeting draft
amendments to the budget code, permitting the ministry to make expenses
more efficiently to protect participants in criminal judiciary.
"A suggested order of finance, material and technical assistance as
well as control over outlays, appropriated for state protection, will be
implemented within funds, provided for to realise the State Programme for
ensuring security of victims, witnesses and other participants in criminal
judiciary," the ministry specified.
Deputy Transport Minister Sergei Aristov will describe presidium
members draft amendments to the Civil Procedure Code, raising efficiency
of juridical protection of rights of crewmembers of Russian sea-going
ships.
Foreign Minister Sergei Lavrov delivered a report on forwarding to the
president a protocol on changes in the Collective Security Treaty for
submitting it for ratification.
The presidium will also discuss changes of functions of federal
departments. For instance the Ministry of Health and Social Development
will have powers to render assistance to socially oriented non-commercial
organisations, implementing social support and protection of citizens,
activities in public health, preventive measures and protection of
citizens' health.
It is planned to specify for the State Reserves Agency general
principles of forming, deploying, storing, using and supplementing stocks
of the state material reserves.