Why not share oil ministers that is the question? Understatement of oil prices in the budget will lead to a comparison of healthcare expenditures on science and agriculture by an average of 30% of the economic development minister warns Elvira Nabiullina.Vitse Prime Minister Alexei Kudrin assured of the validity of this approach to budgeting. Finance Minister Alexei Kudrin convinced of the need to budget forecasts underestimated the price of oil. If the price of oil is $ 70 per barrel, or $ 71 that the budget deficit will be equal to 4% of GDP, and if suddenly oil will fall in price to $ 50 or $ 49 then the deficit will be 8%, "but it is a dangerous level," said Alexei Kudrin, speaking after the Minister Economic Development Elvira Elvira doubted this tactic. She considers it appropriate to budget "conservative but realistic" forecasts $ 76-77 per barrel for the next four years (on Friday, oil costs $ 77.7 per barrel). If the plan budget expenditures based on undervalued oil prices, as proposed by the Ministry of Finance, when you save the social welfare payments and defense spending will be reduced by 30% in real terms spending on science, health, education and agriculture, she warned. Board of Finance was to be held even on April 2. According to unofficial information, because of the explosions in Moscow metro29 March board meeting was postponed indefinitely. Next event scheduled for April 28-29. As a result, on Thursday at Government House has passed a joint meeting of boards of Finance and Economic Development with Prime Minister Vladimir Putin.
| April 26th, 2016 | Posted in General |