Deputy Finance Minister Vladimir Kolychev said that the fair exchange rate of the ruble is stronger than the current one, but this is normal for a floating exchange rate. It has been reported TASS.
“According to our estimations, the fair rate is stronger than the current market observable rate, but it is absolutely normal for a floating rate to deviate from fundamental levels in one direction and the other. Last year we observed deviations in the other direction, now in this direction, ”said Kolychev.
He noted that Russia had “crossed the bottom” of export earnings, which affected the weakening of the Russian currency.
formerly Kolychev declarationIn March, more than 2.5 trillion rubles came to the account of the Treasury of the Russian Federation as taxes. According to him, taxpayers pay taxes until the 28th of each month, and these funds are transferred to a separate account with the Federal Treasury. He added that the revenues from oil and gas sales are in line with the planned policy set forth in the creation of the budget, and that the deficits in revenues are covered by the National Welfare Fund (NWF) according to the budget rule.