US anti-missile systems in Eastern Europe violate INF Treaty - Russian foreign ministryRussian Politics & Diplomacy April 29, 20:35
Moscow police say 250 people take part in protest rallyWorld April 29, 16:29
Abe plans to continue dialogue with Putin to solve global issuesWorld April 29, 14:50
Moscow is ready to cooperate with Washington on Syria — LavrovRussian Politics & Diplomacy April 29, 12:24
Diplomat calls US’ allegations about isolation of Russia in UN 'strange'Russian Politics & Diplomacy April 28, 20:58
Experts say Russian hackers strongly demonized in USRussian Politics & Diplomacy April 28, 20:35
Ferrari drivers clock best time in Practice Two of Russia F1 GP in SochiSport April 28, 19:54
Red Bull’s advisor Marko says Kvyat to possibly remain with Toro Rosso next yearSport April 28, 19:16
Pope Francis blesses pregnant TASS correspondent en route to EgyptWorld April 28, 18:55
ST. PETERSBURG, June 21 (Itar-Tass) —— Russia’s government obligations and budgetary expenditures will not depend on oil prices, Russian President Vladimir Putin pledged on Thursday.
According to the president, who spoke at the Petersburg International Economic Forum, Russia’s economy, undiversified as it is, has a big share of uncompetitive enterprises. More to it, the oil and gas deficit is dangerously high. “Such economy is very vulnerable, that is why we need not merely a deficit-free budget but a budget with a good margin of safety,” Putin stressed.
“A new budget rule will be adopted in the nearest time, under which “neither state liabilities, nor budgetary expenditure, nor long-term investment programs will depend on oil prices, and excess profits will go to replenish funds,” he said.