MOSCOW, October 24 (RIA Novosti) – Russia’s federal budget for 2015 will be executed in any macroeconomic forecast, regardless of inflation, oil prices, or any other factors, Russian Finance Minister Anton Siluanov said Friday.
“Regardless of the change in the macroeconomic forecast, all of the budget’s liabilities will be completed. In order to do this we have stocked reserves and created insurance mechanisms, so regardless of any change in the forecast, the budget for 2015 will be executed,” Siluanov said during an interview on Rossiya-24 television.
Russia’s lower house of parliament, the State Duma, is currently reviewing the 2015 federal budget, as well as the budgets for 2016 and 2017 with a planned deficit of 0.6 percent of GDP over the next three years.
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