The speaker considered that it was premature revision of the budget


Moscow. January 13. To review the Federal budget for 2016 is too early, as the situation in the global markets still too volatile, said the head of Ministry of economic development Alexei Ulyukayev.

“It seems to me that a review of the budget prematurely, because a high degree of uncertainty, market volatility, and do not need without the need to pull the recipients. They sign contracts, implement projects, construction sites, etc., there needs to be more balanced, I think, politics,” – said Ulyukayev in an interview to “Russia 24” on the sidelines of the Gaidar forum.

“Second, of course, in my calculations we should include different options, so now we are working on as a possible refinement of our base-case forecast, taking into account the additional information on the oil quotes, which now is, and the prediction of their dynamics, and preparing a stress-test scenario, to be prepared for any eventuality. Including the fact that the whole year will last strip of extremely low oil prices”, – he said.

The stress scenario assumes average annual oil prices at $25 per barrel.

The Ministry of Finance promised to submit their proposal to adjust the budget before the end of the first quarter.