the head of the Board of the Center for strategic research (CSR), former Finance Minister Alexei Kudrin said the cost structure of the three-year Federal budget is not perfect.
on Thursday, the Russian government generally approved the draft budget for 2017-2019. “It’s good that he provides for the reduction of the deficit from 3.7% this year to 1.2% in 2019. But the cost structure is imperfect,” commented Kudrin said in his Twitter account.
According to the draft, the Russian budget up to 2019 will be scarce. In 2017 the gap between income and government spending will amount to 3.15% of GDP in 2018 — 2,15% of GDP in 2019 — 1.15% of GDP. While Russia’s GDP in 2017 will increase by 0.2% in 2018 and 0.9% in 2019 — 1.2%.
it is Planned that inflation in the next 3 years will not exceed 4% annually and the price of oil will be $ 40 per barrel. Also, the government expect the US dollar in 2017 should amount to 67.5 rubles, a year — 68,7 rubles, and in 2019 to reach 71.1 per ruble.
the Draft budget must be submitted to the state Duma until October 28. In the first reading, the document may be examined by MPs on November 18.
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