The Ministry of Finance issued an amendment to the budget for 2015. The new document is aligned with the realities of the crisis. The following week, the Finance Ministry will present its new edition to the White House. It is expected that after the elections through parliament a new law on the budget-2015 the country will receive on April 1, according to “Kommersant».
The budget crisis is corrected on the basis of macroeconomic forecast for 2015, which were presented in February experts Ministry of Economy based on an oil price of $ 50 per barrel instead of $ 100.
The Ministry of Finance expects the decline in budget revenues from 15.1 trillion rubles. to 12.5 trillion rubles – thus, the treasury will lose almost 20% of revenues. According to First Deputy Finance Minister Tatyana Nesterenko, income after conversion amounted to only 17% of GDP – and the lowest in the last 15 years.
trims were costs if they previously were 15.5 trillion rubles. After ten percent cuts they made up 14.4 trillion. In accordance with the decision taken in January crisis plan of the White House in 2015, the reduction will not affect social obligations, as well as spending on defense and agriculture.
Experts believe that the main source of the closure of the “hole” in the state treasury remains the Reserve Fund. The Ministry of Finance has proposed to spend 3 trillion rubles from the reserve funds.
Recall the law on the federal budget for 2015 given the right to spend up to 500 billion rubles from the Reserve Fund to cover the shortfall in income. Back in December Siluanov said that this amount is likely to be insufficient.
« The government is preparing changes to the budget law, the amendments are related to changes in macroeconomic forecast and revenue estimates. In this regard, we refer to the Duma deputies to increase this limit », – said the head of the Ministry of Finance on Friday February 27.
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