The Government is living hope

Government Regulation igry26-02-2009 The government is living hope First Deputy Prime Minister Alexei Kudrin is full of contradictory optimism. According to him, even if more expensive oil, federal revenues will decline. But while GDP growth will be unstoppable. Oil prices in the next 3-5 years will not return to high levels, said First Deputy Prime Minister and Finance Minister Alexei Kudrin. "We move on to another bar for the price of oil" - he said, speaking on the board of the Federal Tax Service. Moreover, if prices stay near $ 40 a barrel, then, according to Kudrin, the reserve fund would last only two and a half years. For the third year budget cycle (2011) will still be balanced, assured Minister of Finance. He noted that budgets for 2010-2011, "will be approximately the same parameters as in 2009. But then, if the world situation will not change, the budget must be balanced either by reducing costs or by raising taxes or by borrowing to attract, said Kudrin. Yesterday the leading expert TsMAKP Dmitry Belousov called issue of government bonds is quite reasonable measure. In addition, as a source of funds, he suggested a new round of privatization. He estimated that the implementation of these measures to balance the budget even within four years for us to not be a problem.