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Strategies & Market Trends : Investment in Russia and Eastern Europe -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (356)	7/19/1998 12:57:00 PM
From: djane	Read Replies (1) \| Respond to of 1301

Yeltsin fills gaps left by Duma in anti-crisis plan Sunday July 19, 5:50 am Eastern Time MOSCOW, July 19 (Reuters) - President Boris Yeltsin has stepped in to make up for part of parliament's failure to accept key parts of a government anti-crisis plan sought by the IMF, the deputy head of his administration said on Sunday. Alexander Livshits told a news briefing Yeltsin had vetoed two laws passed by parliament to lower taxes and introduced new land taxes by decree. The decisions filled more than half of the revenue gap left by parliament and more would follow, he said. ''The total cost of the decisions not accepted is 78 billion roubles and I have talked about decisions which cover 48 billion,'' Livshits told reporters. ''There are at least 30 billion uncovered and decisions will be taken in that direction.'' He was speaking on the eve of a meeting in Washington of the board of the International Monetary Fund, which will decide whether to release $5.6 billion -- the first slice of a $22.6 billion in funding designed to help stabilise the economy. ''No-one, neither the president nor the government, is planning to stand by and watch the budget and the pension fund collapse into ruins,'' Livshits said to explain Yeltsin's move. ''The more so as the international community has met us half way for what I think will be the last time. I mean supporting the rouble on financial markets.'' Related News Categories: international Help Copyright c 1998 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon See our Important Disclaimers and Legal Information. Questions or Comments?