The government submitted to the state Duma a bill on a new budget rules design

The Government of the Russian Federation is submitting to the State Duma a draft law on a new design of budget rules with a $40-per-barrel oil cut-off price tied. This was reported by the press-service of the government.

The bill "is aimed at reducing the impact of the energy market conditions on macroeconomic parameters and the state of public finances, establishing quantitative restrictions on the basic characteristics of the budget and ensuring the balance of the federal budget" noted in the message.