Matvienko: the Federal budget for 2016 is strong and will withstand low oil prices

Matvienko: the Federal budget for 2016 is strong and will withstand low oil prices


MOSCOW, December 8. The Federation Council will support the budget for 2016, which is “balanced enough” and has a “margin of safety” in the event of low oil prices. About it in interview of radio station “RSN” told on Tuesday, the Chairman of the Federation Council Valentina Matviyenko.

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“The chamber will support the budget… We know all the pros and cons of this budget. Of course, not everything suits us in this budget and now, but overall, considering the situation today and in Russian, and in the global economy, in our view, fairly balanced the budget”, – said Matvienko, noting that the budget has a “margin of safety”.

“Even if the price (of oil) will be less than $50, it will not be dramatic for our budget. Margin of safety and in this part there is preserved,” – said Matvienko, noting that we are talking about the fluctuations in the oil price “from $40 to $50”.