Ulyukayev called for fiscal revolution

Vice-Chairman of the Central Bank has published a provocative co-authored an article which called upon the State to withdraw from the social rate. The material, entitled "Global instability and reform the financial sector of Russia" was published in the scientific journal "Problems of Economics. Alexei Ulyukayev urged the government to tighten monetary policy, namely: to raise the bar of minimum capital and reserves for all banks, but also affect the reduction of paid in them, bonuses and dividends. He suggested that severely limit the budget deficit and eliminate it from the "short-term budgetary revenues. According to Ulyukayev, to restrain unreasonably high increase in pensions: raise the age of exit-deserved rest and abandon pension increases in excess of inflation indicators. According to the Ministry of Finance, inflation this year will not exceed 8% increase in average retirement pension will amount to 40%. The idea was flatly does not support the head of government Vladimir Putin and Minister of Health and Social Development Tatyana Golikova. Much more serious proposal banker abandon fiscal support of the Russian Federation. He believes that it is necessary to significantly reduce inter-governmental transfers to the field. This measure will cause a negative feedback of citizens across the country, as regional and local authorities will be unable to perform many of the commitments. Because of the tax policy focused on the federal center, the budgets of the vast number of areas remain scarce and dependent on the Russian authorities. The only thing converge position of the authorities and Ulyukaeva - is to reduce the number of officials and their salaries to impose a moratorium. According to the banker does not reflect the official views of the Central Bank, but it may be the subject of active discussion in the financial community.