Medvedev: optimization of the budget should not hinder the positive trends

Medvedev: optimization of the budget should not hinder the positive trends


The most vigorous action from the budget to save not only positive developments, but also to strengthen them where possible, said Dmitry Medvedev at a meeting on the budget for 2016.

HILL, 18 Jan. Optimization of budget to spend so that it did not affect emerging in the Russian economy positive trends; adequate support measures should allow to reach a stable growth under any dynamics of oil prices, said Prime Minister Dmitry Medvedev.

“It is important to optimize the spending so that it didn’t hurt the positive changes that have emerged in our economy in a number of sectors after the adoption of the well-known decisions,” Medvedev said at a meeting on the budget for 2016. According to him, this concerns the agriculture, metallurgy, the individual segments of the chemical industry, machine building, agricultural machine building, railway machine building. He reminded that these areas received a definite boost.

“We need to take the most energetic steps in the budget and not only, to not only retain these developments, but also to strengthen them to the extent possible”, — said Medvedev, adding that now in every industry can find “an adequate set of measures to support growth points and gradually achieve stable development of the entire economy”.

“It is clear that this should be done whenever the dynamics of oil prices, otherwise the theme of budget cuts we are going to return constantly,” — said Medvedev.

The government of the Russian Federation in connection with the fall in oil prices has taken a decision on optimization of the budget for 2016, the Ministry had until mid January to prepare and submit to the Finance Ministry its proposals on the reduction of costs on unprotected articles by 10%. Final proposals for revising the budget planned to the end of the first quarter.

The Finance Ministry proposes to adjust the budget in 2016 based on the average annual price of Urals oil in 40 dollars for barrel. Now in the document based on the price of $ 50.