Source Pravda.Ru

Russia's Financial Plans to Be Budgeted Proceeding from Average Price of $20 Per Barrel of Oil

The 2004 and 2005 financial plans of Russia will be budgeted proceeding from an average price of $20 per barrel of oil, Russian Vice Premier and Minister of Finance Aleksei Kudrin told journalists.

According to him, this forecast of world oil prices is indicated in the mid-term plan of the country's development.

When explaining the government's position, Kudrin referred to forecasts of oil prices by various international organisations.

Thus, according to the IMF forecast, in 2004 the price of Brent oil is estimated at $23,5 - 23,9 per barrel, while the US Department of Energy forecasts it at $23,9 per barrel. "These figures are similar to our forecasts," Kudrin said.

However, by introducing the given figures into the state budget, the government reserves the right to channel surplus proceeds to the Russian stabilisation fund. If the price exceeds the figures indicated in the state budget, for instance $22 per barrel, the Russian stabilisation fund will receive 94 bln roubles ($1 - 30 roubles), Kudrin said.

More than 5.8 million people voted for Nicholas Maduro at the presidential election in Venezuela. This is more than a quarter of registered voters. Why did those people vote for the man, who, as Western media write, took Venezuela to the brink of collapse?

Venezuela may expect another Panama scenario from 1989
Comments
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Putin’s spokesman: Total blockade of Russia impossible
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
Elon Musk wants Pravda, but we already have it
Elon Musk wants Pravda, but we already have it
Myths about Stalin: Why do they lie about Great Patriotic War?
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Elon Musk wants Pravda, but we already have it
Ukraine's exit from Commonwealth of Independent States will affect common Ukrainians most
Ukraine's exit from Commonwealth of Independent States will affect common Ukrainians most