Siluanov warned of an increase in the budget deficit at a price of $ 30 per barrel – Rosbalt.RU

February 26, 2016, 20:05 | deficit | budget | GDP | Oil

 The budget deficit in 2016 could reach 4% of GDP when the price of oil at $ 30 per barrel. This forecast was voiced by Finance Minister Anton Siluanov.

 “There are estimates the deficit will increase. It will be up to 4% (GDP at an oil price of $ 30 per barrel – Ed.). – Tass quoted him as saying. – While we were at the beginning of the year came from projections – this is not a final forecast – from $ 40 per barrel. We set ourselves the task at $ 40 to provide 3% (of GDP)

deficit. »

 He recalled that, in accordance with the instructions of the President, 3% budget deficit – it is the exception to the support of VEB costs. “Therefore, these 150 billion (in support of VEB) may increase the deficit, but this is not essential,” – he added

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 Siluanov said: “We are now, when summing up the balance with regard to the general budget realities, then take into account the means of crisis management, the funds for the Pension Fund of support due to lack of income, which is projected this year, the funds for doindeksatsiyu due to changes in the exchange rate, means VEB, the means for indexation of social benefits and so on – all of the obligations that we have there »

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 According to the minister, the sources of additional funds for the budget will be “percent reduction, and privatization, and work with increased revenues, and the question of raising excise».

 Today, the cost of the futures on Brent crude oil for delivery in April 2016 at the ICE exchange in London by 4% to $ 36.7 per barrel. Senior analyst, “Alpari” Anna Bodrov believes that “next target buyers (the oil market) is located at $ 38.25 – one of the resistance from the beginning of January this year.” “There could be reached if only the March meeting, OPEC and associates will take place in a dynamic and positive way. However, without the United States and Iran, all these good intentions will remain in the theoretical plane, and sooner or later, investors get bored “, – the expert said in comments

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