Posted 02/20/2015 16:21. Edited 20.02.2015 16:45
The Ministry of Finance has prepared a proposal for sequestration budget for the year in which the spending cuts were a little smaller than expected, but they are still too significantly reduce the amount of the Reserve Fund.
Earlier in the
The Ministry of Finance proposes to cut spending on current budget 1.3 trillion rubles instead of the previously estimated 1.5 trillion. Instead articulated head of department Anton Siluanov amount of additional reductions of 600 billion are now offering to cut the cost of 472.2 billion, says RBC. By reducing the cost of 10% planned to save 909.1 billion rubles. Sources of publications in the government argue that under the circumstances, and can reduce costs for the implementation of the May presidential decrees. Basically offer to save on construction – new construction freeze and put government funding of projects under construction; skip indexing public sector wages. At a minimum, reduce costs Ministry of Defence: only for secret expenses and contract. In general, funding agencies will reduce by 26.9 billion rubles. Another 12 billion offer to save on the abolition of payments for the celebration of the 70th anniversary of the Victory.
As a result, the Ministry of Finance estimated the budget deficit will amount to 3.2% of GDP: income was 12.4 trillion rubles, expenses 14.7 trillion rubles deficit to 2.4 trillion rubles. So the budget will be due to the deteriorating macroeconomic outlook, which was calculated at an oil price of $ 50 per barrel and the dollar in 60 rubles. To cover the deficit in the Ministry of Finance proposes to take this year to 2.7 trillion from the Reserve Fund, while the law allowed the government to take away from it 0.5 trillion. In this case, the Office warned that if the price of oil at $ 50 and will continue for the next year, the fund will be devastated.
Due to the fact that the level of budget revenues will be 15% less than budgeted, the Finance Ministry may revoke the budget limits (guarantees for financing liabilities) for the next two years, but in this case, hang a lot of existing contracts . To avoid this, the Office proposes to implement them on the basis of additional agreements, thereby assuring contractors in existence a solid foundation for their stable foundation and commitment to fulfill these contracts, said Deputy Finance Minister Alexei Lavrov. Will consider proposals for the second reading of the bill on amendments to the budget.
Information Service” Century »
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