Russia's economy will not adjust to falling oil prices

Oil Resursy15-10-2008 the Russian economy will not adjust to falling oil prices Russia's budget for the coming year is calculated based on the price of oil at $ 95 per barrel. Despite the fact that Russia's Urals oil dropped today to $ 74 a barrel, nobody is going to count the articles of the Russian budget. Will not this a fatal mistake? This week, October 17, a three-year budget must be passed by the Parliament in second reading. "The second reading will not change anything", - told journalists today, Secretary of State, Deputy Finance Minister Sergei Shatalov. The budget for 2009-2011 will be adopted without changes in macroeconomic parameters, despite the decline in oil prices, says Shatalov. However, further forecast oil prices and the GDP growth forecast may be revised, did not exclude the deputy minister. "We are not ready to call the new guidelines. But we say that it may very well be that the indicators have to be revised ", - said Shatalov. Ministry of Finance simply observes the Budget Code, said in an interview Bigness. ru Ilya Sokolov, Head of Laboratory of fiscal policy of the Institute for Economy in Transition. "The Budget Code provides that after the first reading of budget revenues amendments to it are not made", - told us the expert .. The amendments will inevitably be made during the year, said Sokolov.