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Monday, October 24, 2016

By 2019, the revenues of the Russian Federation will drop to 20-year low

In 2019, the Federal budget revenues in relation to GDP in Russia will fall to 20-year low.

Budget revenues from oil and gas will be reduced both in relation to GDP and in nominal terms.

However, other – non-oil – revenues will increase in nominal terms, but the intensity of their growth will lag behind the pace of nominal GDP, according to “Vedomosti” with reference to the projections of the main financial law of the country.

The experts made on the basis of the basic variant of the forecast of Ministry of economic development, according to which the price of oil in the next three years will remain at $ 40 per barrel.


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