Mikhail von Reutern
| Mikhail von Reutern | |
|---|---|
 | |
| Finance Minister of Imperial Russia | |
|
In office 23 January 1862 – 7 July 1878 | |
| Monarch | Alexander II |
| Chairman of the Committee of Ministers | |
|
In office 1881–1887 | |
| Monarch | Alexander III |
| Preceded by | Pyotr Aleksandrovich Valuyev |
| Succeeded by | Nikolai Bunge |
| Personal details | |
| Born |
Mikhail Khristoforovich von Reutern 24 September 1820 Porechye, Russian Empire |
| Died |
23 August 1890 (aged 69) Tsarskoye Selo, Russian Empire |
| Nationality | Russian |
Michael Graf von Reutern, also known as Mikhail Khristoforovich, was an Imperial Russian finance minister.
Family
He came from Baltic German nobility. His parents were Christopher Adam von Reutern (1782–1833) and his wife Caroline (Lina) of Helffreich (1789–1869).
Life
He was appointed finance minister under the liberal reformist Alexander II and introduced a system of public accounting. Reutern’s period in office was also marked by the promotion of private credit institutions and attempts to stabilise the ruble. He succeeded in reforming tax and customs laws, namely by abolishing the spirits lease and the introduction of a brandy - Excise tax. Government revenues rose significantly, the chronic budget deficit was removed in 1867 and surpluses were achieved from 1873. On trade policy Reutern pragmatically supported reducing some tariffs and duties on manufacturing goods in 1863 and 1868. The Russian-Turkish war reversed parts of Reutern's success, and he resigned in 1878.
References
https://oeconomia.revues.org/559 http://bse.sci-lib.com/article096289.html