Kudrin explained the forecast of the Ministry of Finance about the fall of the ruble, with inflation low

Contradictions that in the forecast of the Ministry of Finance for the 2017-2019 years, the ruble is weakening, despite stable and low inflation, no, said at the business forum of Atlanta Chapter Board of the Center for strategic research, the ex-Finance Minister Alexei Kudrin.

The ruble, according to Kudrin, will depend on the trade balance. “And this is a key factor in changing course. If the price of oil will stay at this place, the ruble and the average will stay at this place. Nominally maybe a little faint, but from the point of view of the real exchange rate, which also takes into account inflation it will be about the same level to be”, — Kudrin has told, answering a reporter’s question .

On Friday, Finance Minister Anton Siluanov said that the Agency had set in the draft budget for 2017-2019 weakening the ruble. According to calculations of the Ministry of Finance, in 2017-2019 annual average the dollar will amount to 67.5 rubles., to 68.7 RUB RUB and 71.1%, respectively, while the price of a barrel of oil will remain unchanged at $40. At the same level during the three-year budget should remain and inflation, the Ministry of Finance puts it at the rate of 4%, which is the target of the Central Bank.

The official forecast socially-economic development of Russia for the law makes the Ministry of economic development, his expectations and budgeted. Previously, it counted on strengthening of the Russian currency (RUB 65 in 2017, 64.6 per RUB. in 2018 and 64.1 RUB in 2019). The representative of the Ministry said that the revised forecast will be considered at the meeting of the budget Committee. “Everything else is a vision of particular members”, — stressed she. The sources of “Vedomosti” said the MAYOR with claims do not agree, however, the forecast still revising. The Commission meeting will be held on 5 October.