Date: 7 months ago   Category: Economy

Siluanov has explained need of formation of reserves — Rambler News Service


Formation of reserves is necessary, it is impossible to live without stock in case of such turbulentnost which occur within external conditions, the first Deputy Prime Minister and the Finance Minister Anton Siluanov has said during the performance in the State Duma. "We say that there is no end in itself infinitely to allocate funds in reserve fund though there is also a macrotask, after all it influences a course. We say about what, give, save up a certain volume - 7% of GDP - and we will direct after that to projects. But it is impossible to live without stock in case of such turbulentnost which occur at us within external conditions … We see that as soon as the budget suffers in case of the change in price, sanctions and so on, all economy changes and suffers from it. It is necessary to belong very accurately" — he has told. Siluanov has added that during consideration of amendments to the budget of 2018 the main question consisted in that, to direct or not to send big resources in the form of oil and gas income to a reserve. "We till the last moment still spent this reserve, this year at us, really, more than 1 trillion rubles expenditure of reserves is provided. We, on the one hand, of course, spend, on the other hand, we fill up. But I want to tell that in reserve fund we for the beginning of the next year will have only 2 trillion rubles, we want to fill up at the expense of oil and gas income of the current year for 4 trillion rubles, and that 6 trillion rubles. I want to remind that in crisis year when our prices of oil have fallen when the economy began to decrease, we for 1 year have spent 6 trillion rubles, for 1 year" — the Deputy Prime Minister has added. According to Siluanov, "at preservation of a normal environment and sufficient volume of stocks of funds of reserve fund it will be possible to allocate for infrastructure projects".

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