Friday, November 18, 2016

The magnitude of the outflow of private capital abroad could increase, said the Deputy of the state Duma – Oil of Russia

the “Oil of Russia”, 18.11.16, Moscow, 14:02 the scale of the outflow of private capital abroad may increase on the background of the planned cuts in public investment spending, according to the head of the Duma Committee on economic policy, industry, innovative development and entrepreneurship Sergei Zhigarev (LDPR).

on Friday, the lower house of Parliament in the first reading the draft law on the Federal budget of the Russian Federation in 2017 and the planning period of 2018 and 2019.

“the envisaged reduction of public spending is continuing depression in investment activity in the country, and thus will increase the scale of the outflow of private capital abroad, which does not contribute to the expected progressive growth of private investment,” – said Zhigarev in the discussion of the bill.

the Document envisages the budget deficit of the Russian Federation in 2017 at the level of 3.2% of GDP in 2018 and 2.2% of GDP in 2019 and 1.2% of GDP. Budget revenues in 2017 are projected at 13,488 trillion rubles, expenses — 16,241 trillion rubles, the deficit — to 2,753 trillion rubles. The projected revenue budget for the year 2018 is estimated at 14,029 trillion rubles, expenses — 16,04 trillion rubles, 2019 — 14,845 and 15,987 trillion rubles, respectively.

it is Planned that annual inflation will not exceed 4%. The price of oil in the document lies in the amount of $ 40 per barrel for all three years. As for the dollar, then in 2017, according to the budget, it will amount to 67.5 rubles per dollar in 2018 — 68,7 rubles in 2019 71.1 per ruble.read More at http://www.oilru.com/news/542563/

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