Ministry of Economic Development has offered to put in a three-year budget oil at $ 50-55 – RBC

Photo: Usmanov Zamir / TASS

Additional variant of the forecast the main budget indicators, which prepared the Ministry of Economic Development, provides an average annual increase of oil prices to the level of $ 50-55 per barrel instead of the previous benchmark of $ 40

in addition to the basic variant of the forecast of Economic Development has developed in the period 2017-2019 s another version of budget projections, designated as “basic plus”, which laid the higher oil price, write “Vedomosti”. How to tell the publication of four federal officials, this option will offer the Ministry as a basis for the budget.

The newspaper has familiarized with the basic parameters of this option. If the baseline forecast is still based on the price of a barrel of $ 40 for all three-year, the “basic plus” implies a higher price: $ 50 in 2017 and $ 55 in 2018-2019

One of the officials. said the publication, that the price of oil at $ 40 a barrel is unbalanced budget, the deficit is much higher than offered by the Ministry of Finance 3,2%. Therefore, we are considering the possibility to lay in it a higher price. “With such a fiscal and monetary policy of the demand will shrink to negative values, the funds run out. There will be nothing “- the source said the newspaper, adding that it is already clear that $ 40 will not be -. Will be more

One of the federal officials said that among the officials is the” oil sect for $ 40 ” and there is a group that believes in oil at $ 50-55. “Pray for oil, but there is no one to make reforms. If the oil is below [$ 50-55] – nothing: twisting course! “- He concluded.

interlocutors” Vedomosti “also noted that another way out was the idea to continue his plan only one year, since the three-year budget planning can be seen all the problems. However, he said, was opposed by the Ministry of Finance, the agency insists on planning the three-year budget.

Earlier, the “Vedomosti”, with reference to federal officials from different agencies wrote that the draft budget for 2017 the government can prepare a one-year . According to the sources, to produce realistic three-year budget must take into account all the decisions on tax and pension system, which can be taken after 2018. In addition, mark up the budget for the three years prevented the election, said one of the interlocutors edition.

The Russian legislation provides for the adoption of a three-year budget. September 30, 2015 President Vladimir Putin signed a law providing for the development and adoption of the annual budget for 2016. The law also provided for the abolition of the fiscal rule in 2016 – requirements for the determination of total expenditure budget for the next fiscal year and planning period.