Russian consumer rights watchdog chief names cities with highest HIV ratesSociety & Culture July 23, 21:41
Serbian filmmaker Kustirica says Crimea’s reunification with Russia is natural processSociety & Culture July 23, 21:40
Israeli embassy in Amman attacked by terrorists, some people wounded - TVWorld July 23, 21:35
Boxing Day on Red Square sets new Guinness recordSport July 23, 8:33
Joseph Dunford says Russia most military capable country of those posing threat to USWorld July 23, 4:57
Russia’s US envoy Kislyak steps down, his deputy to act as Charg d'Affaires ad interimRussian Politics & Diplomacy July 23, 1:33
Putin greets KamAZ-Master team - winner of Silk Way RallySport July 22, 15:20
Agreements on East Ghouta zone in Syria signed - Defense MinistryWorld July 22, 14:20
PAK FA offers practically unlimited opportunities to pilot - commanderMilitary & Defense July 22, 11:29
MOSCOW, November 26. /TASS/. The Russian Finance Ministry believes it sensible to consider tightening the budget rule, Maxim Oreshkin, long-term strategic planning department director at the Finance Ministry, said in an interview with Rossiya 24 TV channel on Wednesday.
“Perhaps we should make budget rule stricter, to give an answer on how to control budget deficit in the short run under new conditions,” Oreshkin said.
The budget rule must be adjusted as the Brent price fell to $80 per barrel, he said.
Under the budget rule not all fiscal revenues from oil and gas exports are allocated to state budget, but only a certain volume calculated on the basis of the Urals basic price, while all extra revenues are directed to the Reserve Fund. At the moment the basic price is set at $96 per barrel.