Medvedev: oil prices pose serious risks to budget execution

Medvedev: oil prices pose serious risks to budget execution


Negative dynamics of oil prices poses severe risks to budget implementation, said Prime Minister Dmitry Medvedev, stressing that the government must take in order to minimize these risks.

HILL, 25 Jan. The dynamics of oil prices poses severe risks to implementation of the budget of the Russian Federation, they need to minimize, said Prime Minister Dmitry Medvedev.

“We understandably laid the average oil price in the budget another 50 dollars per barrel. Negative dynamics, as I have said, and you too, your comments gave many, creates serious risks for budget execution. But of course our task is to do everything in order to minimize these risks,” — said Medvedev at a meeting on the balanced budget.

The Prime Minister said that the Central Bank has a complete set of tools for rapid response to the situation. “The government also closely on a daily basis, this situation will be to track”, — said the head of the Cabinet.