New anti-crisis plan will cost the economy 600 billion

The Finance Ministry has estimated the mandatory measures of the new anti-crisis action plan in the economy of the country 600 billion rubles. This was stated by the Minister of Finance of Russia Anton Siluanov, reports RIA Novosti.

The Ministry of Finance of the Russian Federation: when the price of oil to 30 dollars, have to spend reserves
In 2017, low-income Russians will buy food cards

«There are measures anti-crisis plan, there are mandatory measures that we need to take. All this will cost about 600 billion roubles with additional expenditure,» said Siluanov.

According to him, the government now presents a summary of all proposals on these measures.

«We, the Ministry of Finance, indeed, now very closely watching the decisions made in the framework of anticrisis. You saw that there were offers were initially too high — we need to balance that every crisis decision influenced the growth or support of unprotected layers of the population,» he said.

The Ministry of Finance of the Russian Federation: when the price of oil to 30 dollars, have to spend reserves

The Finance Ministry may start spending reserves, while maintaining oil prices at 30 dollars a barrel. This is the Minister of Finance Siluanov told reporters on the sidelines of the Congress of the party «United Russia», writes TASS.

«We certainly are not magicians. Of course, if the price (of oil) will remain at $ 30, we may have to apply for a reserve. But we aim to minimise those decisions,» Siluanov said in answer to the question, is it still the challenge is not to spend the Reserve Fund.

According to the Finance Ministry, the reserve Fund on February 1, 2016 amounted to 3,737 trillion rubles, NWF — 5,349 trillion rubles In foreign currency volume of funds on February 1 is 49,72 billion and 71,15 billion, respectively.

The Russian budget-2016 based on the estimation from the price of Urals crude oil at $ 50 per barrel, so far the oil price this brand fell below 35. Budget revenues are assumed at $ 13,738 trillion (17.5 percent of GDP), expenses — up to 16,099 trillion rubles (20.5% of GDP). The budget deficit will reach 2.36 trillion roubles or 3% of GDP.

Siluanov on January 13 said that if the current oil prices and in the absence of the government’s response, the deficit may grow twice. At that time, the price of Brent crude oil was at its minimum — below 28 dollars per barrel.

In 2017, low-income Russians will buy food cards

In Russia prepared a scheme of food aid to the population, according to which low-income Russians will receive an electronic card to buy food in the shops.

It is planned that the grocery assistance program will start in 2017.

As said in the comments of the Deputy Minister of industry Viktor Evtukhov in response to a query from Reuters, targeted assistance to the population will be implemented in two ways: buying food in retail outlets with subsidized electronic maps and discounted or free food.

«In case of confirmation of the application (by the applicant for targeted assistance), Bank-program participant citizen is issued an electronic payment card for the accrual of funds (electronic food certificate),» said Evtukhov.

The representative of the Ministry of industry and trade said that it will be a normal electronic Bank card.

According to Vedomosti, which refers to plan targeted programmes developed by the Ministry of industry and trade, he was sent to the government on 1 February, and she needs to start in 2017.

As reported, according to the survey «Levada-center», the majority of Russians (80%) believe that the country is going through an economic crisis. While the share of Russians, saving on food, recreation and the purchase of goods has grown significantly over the last year.

New anti-crisis plan will cost the economy 600 billion 06.02.2016

Февраль 6th, 2016 by
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