the Ministry of Finance predicts that by the end of this month, the Federal budget will receive less at 145.5 billion oil and gas income because it exceeded the base price of oil over the actual.
“the Expected shortfall of oil and gas revenues of the Federal budget associated with excess base oil prices over actual cost, projected in June 2020 in the amount of at 145.5 billion rubles”, — stated in the message of the Ministry of Finance.
Recall that the Russian economy in February—March 2020 was under the powerful impact of two negative factors — the rapid spread of the pandemic coronavirus infection COVID-19 and its deleterious effect on the global economy and collapse in oil prices.
on 2 June Prime Minister Mikhail Mishustin briefed President Vladimir Putin a national plan for the recovery of the Russian economy in 2020-2021 years, noting in particular that the cost of the plan will be about 5 trillion rubles.
In this later of economic development (MED) of the Russian Federation stated that the national economic recovery plan prepared by the government, is “the continuation of the package of anti-crisis measures aimed at supporting employment and incomes, as well as the recovery of economic activity in General.” “Key initiatives of the plan complement the national projects konkretisiert their options and tools at a difficult stage of the economic recovery, — said the MAYOR.
the Ministry indicated that “the plan takes into account the budgetary constraints faced by the Russian economy”. “The need for implementing large-scale anti-crisis programs has required considerable easing of fiscal policy. In terms of the expected reduction of revenues budget expenditures are not reduced, but rather increased, will be involved in the NWF (national welfare Fund — ed.) and borrowing to profinato netravati as current liabilities, and the anti-crisis program”, — added the MAYOR.
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