Wednesday, June 1, 2011

MED and the Ministry of Finance: whose prediction correct?

Ministry of Economic Development (MED) and Ministry of Finance (MOF) could not agree what should be the basic parameters of the socio-economic development of Russia. It is these indices will become the main federal budget for next year. About this yesterday said the head of IEG Nabiullina from the meeting at the Prime Minister on the forecast of socio-economic development of Russia for 2011-2013. Minister told the media that the mayor believes that it is necessary to budget the cost of oil at 76 dollars per barrel. As always, the Finance Ministry is more conservative and believes that this figure should be $ 70. Vice-Premier and Finance Minister Alexei Kudrin said that the officials were unable to agree, and also on the amount of tariffs for natural monopolies, as well as on the amount of capital investment. Regular meeting on socio-economic development of our country will be on Wednesday, May 26.

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