UN Human Rights Council passes resolution on AleppoWorld October 21, 19:52
Brussels says Belgium’s position on Hassadjek village bombing remains unchangedWorld October 21, 19:30
Rosneft CEO reveals real meaning of oil price war, outlines Russia’s role in itBusiness & Economy October 21, 19:11
New sanctions against Russia will be an alibi, not constraining factor — Italy’s PMWorld October 21, 19:05
Polish opposition accuses defense minister of manipulating public over 2010 Smolensk crashWorld October 21, 18:50
Russian Defense Ministry says Egypt’s rumored sale of Mistrals to Russia for 1$ 'nonsense'Russian Politics & Diplomacy October 21, 18:29
Transneft warns about fake company with same name registered in UKBusiness & Economy October 21, 18:03
Moscow doctors show evidence that refutes alleged doubling in HIV casesSociety & Culture October 21, 18:02
Russian envoy hopes common sense will prevail over EU sanctions policyRussian Politics & Diplomacy October 21, 17:57
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.