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Vladimir Putin: Russia is still “sitting on the oil needle”

Tatyana Golikova

© Sergei Savostyanov/TASS

MOSCOW, January 13. /TASS/. The head of the accounts chamber of Russia Tatyana Golikova considers it necessary to accumulate and not to spend in the next six months additional budget revenues, the increase in oil prices, since, in her view, Russia is still “sitting on the oil needle”.

She announced this in an interview with TASS in the framework of the Gaidar forum.

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Gaidar forum. Day two

She noted that it is better to wait a while before spending the surplus obtained, and to monitor the situation in the budget system. According to Golikova, use the situation with the rising cost of oil for savings and reducing the budget deficit.

“You just need to look carefully. But what exactly is not you need to do is to spend the extra money now, as long as we do not understand how we have a situation. To spend we will always have time. We know how to do . Not always effectively, but are able to”, – said the head of the audit chamber.

“As for the rest, the extra commitments don’t type it, because we’re only just begun execution of the budget, yet nothing happened to something in him to radically change. I think that is something our well-being, which is accompanied by the level of oil prices, which we now have, it at least throughout the first half will be joining us. And here is the first half of the year is very important to use to really prepare, as instructed by President, the same program of structural reforms to be able to discuss it and to focus” he said, answering the question of whether to increase the budget expenditures with the rising cost of oil.

See also

Siluanov: the Reserve Fund will be maintained in a stable oil price of $50 per barrel

The energy Ministry has assessed the risks of the Ministry of Finance proposed the abolition of duties on oil export

Russia started a gradual reduction of oil production

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