Plans for oil and natural gas revenues in 2023 will be exceeded, and expenses will be financed without borrowing from the market. Finance Minister Anton Siluanov told this to journalists at the Moscow Financial Forum.
“We are seeing good oil and gas revenues this year. In this respect it seems to me that from an economic point of view he is absolutely right; “We will finance our expenditures with oil and natural gas revenues,” he emphasized. nail TASS.
Before that, Siluanov said that the Russian Ministry of Finance would reduce its borrowing program by about 1 trillion rubles this year.
“We consulted with the Ministry of Finance and the government and decided to limit borrowing this year. “Let the banks sit back and lend to the economy, not the budget,” Siluanov explained.
Deputy President Maxim Oreshkin said that this decision will also affect the Russian foreign exchange market. According to him, additional oil and natural gas revenues to be transferred to the federal budget will reduce the demand for foreign currency. This will also lead to a decrease in the supply of foreign currency in the market.
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