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вторник, 18 августа 2015 г.

Who benefits from a fiscal rule?

Ulyukayev: fiscal rule must be preserved22.04.2015, 19:26 | «BBC»The budget rule must be left unchanged. Such an opinion was expressed by the head of the Ministry of Economic Development Alexei Ulyukayev, reports RIA "Novosti"."I would prefer not to touch anything, but I assume that the rule, even worse, must be respected," - he said.According to Ulyukayev, a fiscal rule is part of the conservation of the budget structure and the discussion must be conducted around this very structure.
"When the budget one article doomed to decline, and others - to increase such a budget structure is neither optimal nor balanced, nor how something acceptable" - the head of Ministry of Economic Development.


"Vedomosti": Ministry of Finance fiscal rule changes05.05.2015, 08:24 | «BBC»The Ministry of Finance has chosen the option changes the rules of the budget. Write about this "Vedomosti" referring to the two officials of the financial unit of the Government and the source involved in the discussions of the budget rules.Office proposes to take into account the devaluation of the ruble, that is regarded as a basic oil prices in dollars but in rubles. With this maneuver, the Reserve Fund, not only will not have to spend, but he does can be recharged, said the head of the Expert Economic Group destinations "Fiscal policy" Alexander Suslin.At the moment the fiscal rule, which defines the maximum amount of expenditures of the federal budget is calculated starting from the average oil price in dollars for the previous few years, plus a maximum of 1% of GDP.Finance Ministry proposes to move to the calculation of basic price of oil in rubles at the historical rate. Under the new budget rules, the base price of a barrel of Urals oil in 2015 will be 2874 rubles. According to the macroeconomic forecast of Economic Development (MED) ruble price of oil in 2015 will be $ 50, or 3075 rubles. per barrel.A senior official told the newspaper that this is the final version of the adjustments that will be adopted. Other interlocutors publication notes that it is one of the possible options.  

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