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Russian GDP, inflation figures for 2015 need revision — minister

December 23, 2014, 17:26 UTC+3
“Basic prerequisites are definitely changing," Russian Economic Development Minister Alexey Ulyukayev said
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© TASS/Sergei Konkov

MOSCOW, December 23. /TASS/. Russia’s GDP and inflation figures, as well as budget revenues for next year should be revised, Economic Development Minister Alexey Ulyukayev told journalists on Tuesday.

“Basic prerequisites are definitely changing and we see that inflation conditions have changed: inflation is higher this year than it was expected, considering the exchange rate and trends on external markets,” the minister said.

“All these factors will require a revision of some macroeconomic parameters, including GDP figures for 2015, next year’s inflation and budget revenues will also have to be specified. This is the work we still have to do," he said.

The Russian government has set no obligatory targets for exporter companies to sell hard currency earnings on the domestic market, Ulyukayev noted. “We’ll not establish any control and we have not set any obligatory requirements for state companies,” the minister said.

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