The price of oil at $50 per barrel can increase Russia's budget deficit another 800 billion rubles

The price of oil at $50 per barrel can increase Russia's budget deficit another 800 billion rublesFor the first time the new year for the economy starts without any actual economic forecast. The collapse in oil prices to about $50 per barrel did not provide any forecasts of the Bank of Russia, neither the economy nor the analysts of the Ministry of Finance, at the end of 2014, who presented the latest updates to the forecasts for 2015 Since 2005 (with the exception of the price collapse in 2008) was not a situation in which the current price of oil did not fit in any of the departmental stress scenarios. Worst official script now are not officially published pre-calculations of the Ministry of Finance for the collapse of oil prices to average $60 in 2015, with recovery of up to $70 in 2017, In this case, the Russian economy will be reduced, according to the model, by 4%. Current budget projections of the White house for approximately $80 per barrel.In a linear approach to change the budget deficit by 2015 at $50 per barrel will increase even further at least 600-800 billion rubles, which will cause the government when nesokrushimiy all budget costs by 10-15% to spend almost the entire Reserve Fund already in 2015It is unlikely that the government and the presidential administration will now hurry up with solutions and even with comments. On the one hand, the collapse of the beginning of the year would be temporary and execution of oil contracts the end of 2014 at the old price and availability of the Reserve Fund in any case guarantee from fiscal catastrophes at least in the first quarter of 2015, on the other hand, the constant oil price of $40-50 per barrel, and even more below do not allow the Russian Federation, only to modify the budget by 2015, without changing its main priorities. Based on budget projections of the end of 2014. Read more -->

American expert: Russia replaces USA

American expert: Russia replaces USAThe American political scientist Jonathan Eidelman says that the U.S. is losing global leadership. However, for the vacant position claimed by Russia - it has no American problems, and it is ready to support countries on all continents.Professor at Denver University Jonathan Eidelman in an article in the Global Post says that America, which played a key role in the creation of NATO, the IMF, the world Bank and the Marshall plan, which supported the creation of the European Union, many decades dominated the middle East, Latin America, Europe and in much of Asia, is losing its global leadership. And replaced Russia survived the collapse of the USSR, under the pressure of Western sanctions and economic crisis.In the article he cites a number of aspects, which seemed to show that Russia is not a place on the global stage. In economic terms it is under sanctions, under pressure from falling oil prices, and its GDP is about 12% of U.S. and roughly equal to Canada. Read more -->

Representatives from the Syrian opposition groups are willing to come to the talks in Moscow

Representatives from the Syrian opposition groups are willing to come to the talks in MoscowRepresentatives of the Popular front for change - one of the main groups of the Syrian opposition said on Saturday, January 10, intention to participate in a peace conference in Moscow on the Syrian conflict. The negotiations are to be held in late January. According to the former Deputy Prime Minister of Syria Qadri Jamil, who now heads the national front for change, the negotiations in Moscow - "glimmer of hope"". . . . Read more -->

Medvedev wants to temporarily return of officials to the boards of Directors of state-owned companies to tighten control

Medvedev wants to temporarily return of officials to the boards of Directors of state-owned companies to tighten controlState-owned companies need tighter control, the return of civil servants on the Board of Directors and Supervisory boards at this stage it is advisable, said Prime Minister Dmitry Medvedev at the Gaidar forum.See also:-->Medvedev promised to help the poor "Rosneft" and "Gazprom" to pay off external debts-->Medvedev: Russia will not create a mobilization economy-->Officials returned to the boards of Directors of state-owned companiesAccording to him, to enter Ministers and Deputy Prime Ministers to the boards of Directors and Supervisory boards is possible only for a while.In 2011. . . . . . Read more -->

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