The Cabinet may make suggestions to amend the budget in the near future

The Cabinet may make suggestions to amend the budget in the near future


The proposal to adjust the budget can be introduced in the Parliament not in the spring as it normally happens, and in the near future, said the head of the budget Committee of the Federation Council Sergey Ryabukhin. The decision to revise the budget was made due to falling oil prices.

MOSCOW, 12 Jan. The government of the Russian Federation can submit proposals to Parliament on adjusting the budget in the spring, as it usually happens, and in the near future, said Tuesday the head of the budget Committee of the Federation Council Sergey Ryabukhin.

According to him, amendments to the budget should be paid by the reduction in oil prices to about $ 30 per barrel.

Earlier media reported that the Federal bodies of Executive authorities by 15 January proposals to reduce Federal spending by at least 10%. This decision initiated in response to the falling oil prices. Currently, the price of “black gold” instead of 50 dollars per barrel (this figure included in the budget of the Russian Federation for 2016) is now around $ 30.

“The government, I think, will make suggestions not spring, as it usually happens during the adjustment, and in the nearest future”, — said the Senator.

He noted that the Federation Council is ready promptly to consider proposals to amend the budget.