The Ministry of Finance predicted a decrease in the oil and gas dependence of Russia: By 2036, the share of oil and gas revenues in the federal budget structure drops below 25 percent of the entire execution of the treasury. This is reported to “Izvestia” with reference to the department.
According to the ministry’s budget forecast entered in the State Duma, the dependence of the federal budget from oil and gas revenues by 2036 will be reduced by almost a third.
As explained in the department, the decline in the share of oil and gas revenues of the budget is expected in the long term due to the reduction of the share of the commodity sector itself in the structure of GDP. As the Ministry of Finance notes, this is due to the gradual growth of the exhaustion of the reserves. At the same time, to minimize the risks associated with the power transmission, the department has made an increase in the minimum size of the FNB assets to 10 percent of GDP.
October 12 began it to be known that the federal budget of Russia from January to September was made with a surplus of 1.4 trillion rubles. The total income of the federal budget amounted to 17.9 trillion rubles, while the budget revenues from the sale of oil and gas for nine months are estimated at 6.2 trillion rubles.