A ban on tax breaks could balance Russia's 2010 budget without the government having to resort to raising tax rates, Finance Minister Alexei Kudrin said on Friday.
"If we want to cut the budget deficit by 4.6 percent of gross domestic product, than an end to all kinds of tax breaks without raising rates could solve the problem," Kudrin said, referring to this year's expected budget deficit.
Tax breaks amounted to about five percent of GDP, Kudrin said, adding he was not proposing cancelling all benefits.
MOSCOW, November 19 (RIA Novosti)
