Rising oil prices and weak ruble will bring additional $ 33 billion to the budget

24 February. FINMARKET.RU – Rising oil prices and a weak ruble may bring an additional $ 33 billion to the Russian budget this year, analysts at Sova Capital have calculated, Vedomosti writes. Thanks to a 21 percent rise in prices this year, Russia will receive more rubles per barrel of Brent than at any time since mid-2019.If the price of a barrel of oil does not decrease, then the surplus income will be enough for the budget to receive an additional 2.3% of gross domestic product “, – they explain. It is very important to use this money to stimulate businesses and consumers, whose disposable income fell last year, notes Sova Capital economist Artem Zaigrin.” Without additional funding, the economic recovery may stop, “he warns.

Libertex [CPS] WW



MTP Procurement Management Procurement Bidding SRM Cost Optimization Team Management Cost Management SAP ERP Management Skills SAP ERP 1C Supply Control SAP / SRM SAP / R3 Analytical Thinking Working with Suppliers Result Oriented System Thinking Process Management Strategic Planning Project Management MsOffice Negotiations with company top officials Organization of procurement procedures Oil trading

Read Previous

FAA launches new investigation against Boeing after plane engine catches fire

Read Next

We buy Norilsk Nickel shares on correction