Go to ...

The Newspapers

News from Russia

RSS Feed

Thursday, October 27, 2016

Belousov told how to solve the problem of budget deficit

According to the assistant of the President of Russia, with the budget deficit that arose in consequence of the fall in energy prices, it is necessary to deal otherwise the country will simply “eat away” their “savings” – those reserves, which managed to create during the period of high prices for oil and gas.

“The government will have to solve this problem… Because if the current level of the deficit around 10% of GDP are maintained, while maintaining oil prices at $40-50 per barrel, we will eat into our reserves. To this situation is to exit, the deficit must be reduced,” – said Belousov.

Related posts:
""Patching holes": anti-crisis plan of the government will not save the economy"
"Iran was asked to "leave it alone" with quotas for oil"
The strengthening of the ruble is on last year's schedule
The economist about the idea of freezing public sector wages: this is a "personal wishlist"...


More Stories From Economy