The Ministry of Finance has prepared amendments to the law on budget for 2016 that include reduction in unprotected spending by 10% and the measures the anti-crisis plan, said the Minister Anton Siluanov. According to him, the question of when those amendments will be addressed by the government.
“The Ministry of Finance operates in the normal part of the budget process, we have amendments in the budget prepared. Ultimately, this will be determined by the government in terms of whether to amend now or later”, — said Siluanov (quoted by TASS).
The Minister stressed that the development of the amendments remained the goal is not to exceed the budget deficit to 3% of GDP at an oil price of $40 per barrel In the revised Federal budget for 2016 is considered “decisions under the anti — crisis plan the direction of resources to support industries, 10% optimization, the sources of privatization, which were not in the budget, part of tactical measures”.
The current budget is from oil prices of 50 dollars per barrel. In January, Siluanov explained that the ministries and agencies receiving appropriations in 2016, will prioritize those allocations themselves will make decisions about choosing a major most effective spending and trim inefficient spending.