Finance Minister posts pessimistic budget scenario
In the event oil prices drop below $20 per barrel, the Russian government will resort to external loans or reduce expenditures, Finance Minister Alexey Kudrin announced at a meeting with journalists today. At the same time, he stressed that taking into account the reserve fund, which would be formed by the end of this year, and current oil prices, no external loans will be necessary. The Russian budget will be deficit free if oil prices stay above $20 per barrel, the Finance Minister stressed.
Subscribe to Pravda.Ru Telegram channel, Facebook, RSS!
Popular
Ukrainian media outlets report that the Russian Armed Forces are preparing to launch an RS-26 intercontinental ballistic missile from Kapustin-Yar
Last materials