Because of the APEC summit and the Olympics Russian budget would wipe 130 billion
Russia's budget in 2013130 billion rubles will receive less revenue from value-added tax (VAT). This was announced by Deputy Finance Minister Tatyana Nesterenko.
According to her, the loss associated with the mass return of VAT. The growth in income tax refunds, in turn, is connected with the end of major investment projects. This, in particular, on the preparations for the APEC summit in Vladivostok and the Olympic Games in Sochi in 2014.
In total, according to Finance Ministry estimates, in 2013 due to the VAT refund and the lack of privatization falling budget revenues will amount to about half a trillion rubles.
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