this would be encouraging but we have calculated that the estimate that ministry of finance provided so far for the reserve fund by the year and it's less it's lower than the reserve fund would have saved with this is the current will prices so wiste made that only one third is going to be saved and probably most truth. going to be spent that's good for us as budgetary problems i mean they were talking about a big gap between obviously revenues and spending right this is going to kind of accumulate and we will as i made all of ninety five herschel run in balanced budget this year unless the ministry of finance high expenditures for them ok but at the same time you mentioned inflation right i mean it's good for keeping down inflation but you know clinton has just said he's expecting inflation to be something like six percent by the month of june accumulated from the beginning of the year is that a good forecast so since for the first three months we are in three point two right so i would say it's it's a player here is to move forward with the first of the of the year inflation probab

cooperation a collaboration between four important ministries of the government and probably with the approval of the president of the ministry of finance the ministry of justice the ministry of the interior and the prime minister's office all of which came together with the plan to entrap romney feels after the businessman was arrested what could be called a ransom was put on the table cukes was that informed through diplomatic channels that he would not be released until the arbitration award was waived georgian human rights activist blame a broken system that is cracked at the very top but this is actual suckers really does not want an independent court system the prosecutor's office dominates the law and the police are the main power and political pressure instrument in the country is to get this is something food says us lawyers are more than aware of the odds of his succeeding in georgia are very very slim western point zero one percent so it's a good it's a good warning to businessmen who are thinking of investing in georgia that they should think twice and that they should be aware making their legal battle not about winning but

if the ministry of finance spends less of extra well reading is that they get from hi all racist then the batteries for inflation because less money will get into the economy less and interest. and there is also good for the school because it will investors will see that referees again accumulate in the reserves mr prince estimated that they see there is their front. when they have three learn by the end of the year one hundred trillion rubles price of one hundred restored that there should be more money in the reserve fund didn't use your fine system it's currently. the world's largest minium producer roussel has rejected nor does nicholas offer to buy out twenty percent of its shares saying it wouldn't be in the best interest of shareholders last month offered to buy twenty percent of its shares from blue sell for twelve point eight billion dollars which would lead the other billion giant majority owned by taking the niggly passed with a five percent stake convincing on resells decision or cynical said he will make no more buyout offers to risk meanwhile noisemaker was heading for y

if the ministry of finance spends less of extra oil revenues that they get from hi all prices are the batteries for inflation because less money will get into the economy less and innocent. and there is also good for the school because a lot investors will see about referees again accumulating reserves misreports estimated that they see there is their front. runner health relend by the end of the year one hundred rubles price of one hundred wresting of that there should be more money in the reserve fund of the minister of finance estimates currently. well as large as that of many and produce a roussel has rejected metals nichols offer to buy out twenty percent of its shares saying you wouldn't be in the best interest of shareholders but last month they offered to buy twenty percent of its shares from to sell for twelve point eight billion dollars which would lead the out of medium joint majority. with a five percent stake commencing oversells decision that was cynical said it will make no more buyout offers to resell meanwhile in north america always heading for another extraordinary

so part of what we're doing is providing advisers to the various ministries, particularly the finance ministry, to help them put some of these structures in place. >> all right. [inaudible] as a go by. that doesn't work. >> okay. >> thank you for your service, appreciate it. >> thank you. ms. bell by. >> thank you, mr. chair. thank you, secretary flournoy and general petraeus, for joining us today. i know it's been a long day, and i can see you're down at the bottom row, so congratulations on making it this far. i want to reiterate what many of my colleagues have said, we appreciate the hard work and sacrifice of both of you and the troops that you lead, and coming from the state of maine where we do have national guard deployed and have sent so many of our citizens to this and other wars, we know what this sacrifice is. also in maine when we look at the costs of this war, we feel that there's been an extraordinarily high burden to our state when you divide that up. it's about 3.4 billion, the cost of our state residents in paying for the war in afghanistan. and i continue to hear fro

its first drop in nearly two months due to a jump in imports and soaring prices of crude oil and iron ore. the finance ministry set in a preliminary report on tuesday that the surplus for january totaled around $5.6 billion. that is a plunge of almost 48% from a year earlier. the trade deficit for january was $4.8 billion. the ministry said weaker exports during china's lunar new year holidays were another negative factor. this is the first time in two years that the trade balance has tipped into the red. the income balance, which includes returns on foreign investment, rose above 10%. the increase was due to improved earnings and overseas subsidiaries of japanese firms. >>> credit worries continue on heavily indebted european countries. this has led a u.s. credit rating agency to downgrade greek government bonds by three notches. moody's said on monday it lowered the rating of greek debt from the already below investment grade of b.a.-1 to b.-1. since running into a debt crisis last year, greece has been trying to turn around its fiscal health with the aid of the european union. moody's says greece has made s

need to get finance ministers and it is conversation as well as defense ministers because what ends up happening is the defense ministries are great but we need to get a sense in which the whole ofgovernment -- so it is an issue and it is always going to be an issue where the is the kind of economic pressure and i think it is important to keep focused on this issue but i think we have seen even as the european governments grapple with this that that there is a sincere effort to try to find a way forward. we had a very good dialogue for sample with their colleagues in the u.k. about how they were thinking about reductions if they had to make them to make sure that they were thoughtful, that they didn't undermine the alliance commitments in the complemented what others were doing. there are ways the countries can work together as we have seen between britain and france, better corporation and thinking about ways to duplicate. we have to not lose sight of the common obligations. >> do you want to? >> one comment. one of the many jobs i had this to chair the defense minister as well as the development ministers and i think it is really important that one of the effects of the thing