Date: 7 months ago   Category: Economy

Ministry of Finance: the budget in 2019 will be balanced at price of oil in $40 for barrel — Rambler News Service


Photo: RIA News/Mikhail Klimentyev the Federal budget in 2019 will be balanced at the cost of oil of $40 for barrel, the Minister of Finance Anton Siluanov at a meeting of the State Duma Budget and Taxes Committee has said during the speech. "We go on a trend now down, and the price on which the budget balances, is $50 now, and next year we speak about $40 for barrel" — he has told. According to him, in 2017 the budget has reduced dependence on the cost of oil and gas. "Decrease in oil and gas dependence of the budget in comparison with the previous periods became result of 2017. If in 2017 the oil price providing balancing of the budget was $60 for barrel, then some time ago this indicator was $100 and more for barrel" — Siluanov has told. At the same time he has emphasized that as a result of the budgetary rule rate fluctuation of ruble was much weaker than fluctuations of cost of oil. "The budgetary rule has allowed us to stabilize a course of only 14% whereas price of oil fluctuated at the level of 90%" — Siluanov has noted. As it was reported earlier, in the existing federal budget for 2018 — 2020 the oil price in $40 for barrel in the first year, with the subsequent annual indexation for 2% is put.

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