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Russia to reduce 100,000 officials to save $1.38 bn

Last Updated: Tuesday, September 21, 2010 - 15:15

Moscow: Over the coming three
years, Russia will reduce more than 100,000 federal officials,
thus saving USD 1.38 billion, Russia`s Deputy Prime Minister
and Finance Minister Alexei Kudrin said during a meeting with
president here.

"The government`s bill of the budget has planned and
approved a schedule of federal officials` reductions," he said
yesterday.
"In the first and second years, the reduction will make
up five per cent, and in the third year - ten per cent."

"Basically, the parameters are set, and the work will be
done within three years," he told the president.

Presently, there are 510 federal officials, including
those employed in the judicial system. Vacancies in federal
authorities make 9.3 per cent, Kudrin said.

With the staff reduction, the authorities will be able to
raise money allowances for those who remain employed there, he
added.

"With the ten per cent reduction over three years, the
allowances will grow, though they will be behind the
inflation, but we shall base our activities on the strict
limitations of the budget and the necessity to reduce the
budget deficit."
Head of the government`s staff Deputy Prime Minister
Sergei Sobyanin confirmed that a corresponding commission had
been working in the government.

"We shall not stop at the 20 percent reduction," he said.
"We shall continue the process in future."

PTI

First Published: Tuesday, September 21, 2010 - 15:15
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