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Vladimir Putin: The federal budget’s dependence on oil conditions is falling steadily
24 October 2017, Tuesday
The federal budget’s dependence on oil conditions is falling steadily President Vladimir Putin said at VTB Capital’s Russia Calling! investment forum on Tuesday.
Oil and gas revenues will account for around 33% of all budget incomes over the next three years, he added.
“The federal budget’s dependence on oil conditions is falling steadily. If in 2014 oil and gas revenues accounted for more than half of budget revenue, 51.3%, this year they will already be 39%,” the president said.
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