Photo: TASS
On Monday, the Ministry of Finance gave battle to the deputies in the “zero” reading of the budget for 2015-2017 at a meeting of the budget Committee of the State Duma. The Minister Anton Siluanov immediately made it clear that the document been drawn up without reserve deputies who could win for themselves. If oil prices and the exchange rate in the coming year will remain at current levels, the budget is not enough for about 500 billion rubles. “We shall have to refer to the reserve fund or to make a decision now on the further optimization of budget expenditures” – warned the head of the Ministry of Finance.
Deputies was not convinced. They criticized the budget too small amount of fiscal support to those industries whose products will replace departed from the Russian market Western goods. Profile Committee on Budget and Taxes offered more details see the program on agriculture, and the committee on industrial policy in general refused to support the project of the budget due to the fact that he will not be able to solve the stated problems on import substitution. “If we look at the program of development of the aviation industry and its sub-program on engine building – here provided significant reductions. But we need to carry out import substitution “- said the first deputy chairman of the Committee on Industry Vladimir Gutenev.
We need other forms of support to the industry, rather than a simple allocation of money from the budget, the President does not agree Alexander Shokhin. “This tax credit, tax breaks for new business, etc. Direct support is also needed, but it should be provided in the most close to the market forms – for example, in the form of interest rate subsidies, “- he said. He recalled that the State Duma still can not pass a law on public-private partnership, which is surprising, because there just registered all of these technologies. “If the government now with the budget and pushed through a PPP law, it might be a good response to the Committee on Industry,” – said Shokhin.
«Budget Work in the State Duma has just begun”, – told RBC press -Secretary Finance Minister Svetlana Nikitina. According to her, “all nominal figures, reflecting the state of the economy has performed worse than we all would like.” The budget is more optimistic and certainly not conservative, say the Ministry of Finance. “Spending more than is already budgeted, can not be, since there is no corresponding revenue base,” – said the representative of the Ministry. Nevertheless, she said, the Finance Ministry intends to work with the deputies and listen to their suggestions to improve the cost structure within the program.
While MPs criticized the draft budget for the costs are too low, which took the head of the Audit Committee meeting Chamber Tatyana Golikova commented on the realism of income. “To date, the indicators that are presented in the forecast, and laid in the preparation of the budget, most likely will not be sustained,” – she said. Doubts auditors causes and forecast a rise in prices for the following years. In 2015-2017 has been made to a steady decline in consumer price growth – an increase in food prices, is expected to decline from 12.3% in 2014 to 6.3% in 2015. Slowing down by six percentage points, or nearly twice, “is not adequately justified,” according to the documents of the Accounting Chamber.
Unrealistic budget figures say and outside experts. In the monthly review of the Russian economy Sberbank CIB analysts suggest that the price of oil so that the budget would be balanced in 2015 should be around $ 108 per barrel. However, “after the September ruble weakening implementation of the budget may be less problematic. In the context of a weaker ruble “balancing” the price of oil in the next year could be a level of approximately $ 104 per barrel, “- said in a statement. As a result, the budget deficit remains moderate.
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