Siluanov, Ulyukaev and Gref will speak at the Federation Council on 9 December

Siluanov, Ulyukaev and Gref will speak at the Federation Council on 9 December


In the framework of the “governmental hour” the Minister of Finance Anton Siluanov and Minister of economic development Alexei Ulyukayev will present the forecast of socio-economic development for 2016 and the planning period of 2017-2018.

MOSCOW, 3 Dec. The Federation Council at plenary session on 9 December will hear the Minister of Finance Anton Siluanov and Minister of economic development Alexei speaker, the message on the website of SF.

In addition, next Wednesday before the senators will be the Chairman of the Board of Sberbank German Gref.

In the framework of the “governmental hour” the speaker will present to the Parliament the forecast of socio-economic development of the Russian Federation for 2016 and the planning period of 2017-2018.

The Finance Minister will take part in the discussion of the Federal budget for next year. In accordance with the document, the volume of budget revenues is planned in 2016 $ 13,738 billion rubles (17.5% of GDP), expenditure — 16,099 trillion rubles (20.5% of GDP). The budget deficit will be at 2.36 trillion rubles, or 3% of GDP.

The main financial document for next year drawn up based on the level of inflation not higher than 6.4% and average annual prices for Urals oil at $ 50 per barrel. GDP is expected to 78,673 trillion rubles. The state Duma will consider the draft budget in the third reading on Friday, 4 December.

Gref’s speech is scheduled as part of the “Time expert”.