Tuesday, October 18, 2011

Catastrophic arguments Kudrin

Rules igry26-06-2008 catastrophic arguments Kudrin Oil creek dries up in the next 10 years - a nightmare scenario for Russia, announced today Vice-Premier and Finance Minister Alexei Kudrin. Everything is so serious that in 2014 to finance the budget will have to open the "Potbelly" reserve funds. However, and there may not be enough. All this was said at the Sixth Annual Tax Conference of RSPP, during which big business was going to talk about reducing the tax burden on the oil industry. Anticipating the discussion, Kudrin hastened to intimidate all the nasty future of Russia. And in the future in Kudrinsky Russia will reduce oil and gas revenues, the imbalance of the pension system and reducing company profits. Kudrin explained that the economic growth of 8% growth in oil and gas production amounts to about 2-3% per year. That is, oil and gas sector in the GDP declining every year - and with it, and maintain oil and gas "costs." As a result, the Olympic 2014-th year due to lower production growth rates, oil and gas revenues will be less than the level of transfers in 3,7% of GDP. And that automatically means the inevitability of opening emergency reserve - Reserve Fund. Recall, the Reserve Fund is the reincarnation of the Stabilization Fund, in effect, "Potbelly" in case of reducing the flow of petrodollars into the country.

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