The share of tax receipts in Russia's 2011 budget revenues will rise by two percent of gross domestic product (GDP), Finance Minister Alexei Kudrin said on Friday.
"Taxes will rise by two percent of GDP from next year," Kudrin told a tax conference. "We are standing at a crossroads and facing the choice of paying more attention to improving the effectiveness of spending... or the bulk of the (burden) will be a tax increase."
Kudrin said he preferred the first option, but warned that if "the government was weak and afraid to implement structural reforms," it would have to choose the second option.
MOSCOW, November 19 (RIA Novosti)
