Kudrin predicted growth of holes in the budget – RBC

Former Finance Minister Alexei Kudrin

Photo: Yekaterina Kuzmina / RBC

Former Finance Minister Alexei Kudrin said that the situation with public finance is much worse than previously planned: the federal budget, he predicted, will a deficit of 5-5.5% of GDP against the permissible 3%

Former Finance Minister Alexei Kudrin forecasts a budget deficit this year at the level of 5-5.5% of GDP. “The budget deficit will this year, 5% of GDP may be 5.5% without additional indexation” -. He said, speaking at the 7th Congress of the pension

Kudrin said that the federal budget deficit It was planned at the level of 3% of GDP, but in reality the situation is much worse. “In these conditions it is difficult to talk about the indexation of pensions,” – said Kudrin, commenting on the statement Representative of the Ministry of Labor.

Earlier, speaking at the Congress of the pension, the deputy head of the Department of the Ministry of Labor pension Dmitry Belovalov said that in the second half of the year may be carried additional indexation of pensions. He said that the indexation of pensions from February 1, only 4% was carried out due to difficulties with balancing the budget. Belovalov said that indexation will be carried out to the level of inflation for 2015. This idea supports the social bloc of the government.

Russia’s budget deficit in January-February amounted to 112.7 billion rubles., Or 0.9% of GDP, the Finance Ministry reported earlier. At the same time, Russian President Vladimir Putin instructed to ensure that the budget deficit does not exceed 3% of GDP.

At the end of February, Finance Minister Anton Siluanov warned that the budget deficit in 2016 could reach 4% of GDP at the price oil at $ 30 per barrel. He specified that, according to the instructions of the President, 3% budget deficit -. It except for support costs VEB

In February, Minister of Economic Development Alexei Ulyukayev said that the average price per barrel of $ 40 budget can It is reduced to a deficit of 4.6-4.7% of GDP. The deficit is planned to be covered by funds from privatization, as well as through loans.

From the privatization of the government plans to raise 800 billion rubles, which is, as he said Ulyukayev, cover about 1% of GDP of the overall budget deficit. To finance the deficit the government is also trying to attract foreign loans, Eurobond. However, it is about how successful this process is not known. Earlier, US and European authorities encouraged their banks to refrain from participating in the placement of Russian loan.

The Ministry of Finance plans to clarify the parameters of the current year’s budget in mid-April.