Date: 10 months ago   Category: Energy

Oil and gas budget revenues can decrease in 2019 almost by 5% — to 8,3 trillion rubles — Rambler News Service


The volume of receipts of oil and gas income in the federal budget of the Russian Federation in 2019 is planned at the level of 8,298 trillion rub that is 4,7% less in comparison with the expected indicator of the current year (8,707 trillion rub), it is told in the explanatory note to the draft budget for 2019 and for planning period of 2020 and 2021. In 2020 oil and gas income can make 7,936 trillion rub, in 2021 — 8,018 trillion rub. "Receipt of oil and gas income in the federal budget for 2019 is predicted of 8,298 trillion rub (7,8% to GDP), basic income will make of them – 4,929 trillion rub, additional oil and gas income – 3,369 trillion rub. In 2020 and 2021 the predicted volume of oil and gas income is 7,936 trillion rub (7,2% to GDP) and 8,018 trillion rubles (6,8% to GDP) respectively will make basic income of them – 5,159 trillion rub and 5,386 trillion rub, additional oil and gas income – 2,777 trillion rub and 2,632 trillion rub", - it is said in the document. The share of oil and gas income will decrease from 46,5% in 2018 to 41,6% in 2019, the share of not oil and gas income will grow from 53,5% to 58,4%. In 2020 the share of oil and gas income will make 39,3%, not oil and gas - 60,7%, in 2021 - 38,3% and 61,7% respectively. As it is specified in the explanatory note, basic oil and gas income is calculated on the basis of the base price for oil – $41,6, $42,4 and $43,3 for barrel in 2019 - 2021 respectively. As it is explained in the document, decrease in oil and gas income in relation to GDP during the forecast period is connected with reduction of a share of the oil and gas sector against the background of the lagging behind growth rates (decrease on separate positions) physical volumes of production and export of this production and also the expected return of the world prices of energy carriers to structurally balanced level at preservation of the ruble exchange rate stable in real terms to dollar. In the forecast of income for 2019-2021 completion of tax maneuver in oil and gas branch is also considered.

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