Moscow. December 23. The economic development Ministry may revise the oil price downwards in the macroeconomic forecast of development of the country, said the Minister Alexei Ulyukayev.
He declined to give a specific amount that may be reconsidered the price of oil.
He said earlier that the Ministry of economic development in January will present a revised socio-economic forecast for 2016.
In the baseline scenario of the macro forecast for 2016, envisaging GDP growth of 0.7%, based on the price of oil at $50 a barrel. Now the price is much closer to the scenario that the Central Bank was designated as a “risk” ($35 on average for the year).
In a conservative scenario, 2016, calculated at $40 per barrel, the Ministry of economic development predicted the GDP decrease by 1%.
By the end of 2015 the Ministry expects the GDP decrease by 3.7% to 3.8%.
Deputy Minister of Finance Maxim Oreshkin in mid-December noted that the budget shortfall will be Russia in 2016 with oil price at $40 per barrel would be approximately 1.5 trillion rubles, compared with the baseline scenario at $50 per barrel.