The head of RSPP believes that the government can change the rule of the formation of the NWF
The new government may go for increasing the cut-off price of oil during the formation of the Fund, which will allow him to seek additional income to Finance measures of social support outlined in the President's message. About this TASS said the head of RSPP Alexander Shokhin, commenting on the decision of the State Duma on approval of candidacy of Michael mishustina for the post of Prime Minister.
"Those 450 billion for this year, which will be required for the implementation of the social section of the President's address is some redistribution of resources. Mikhail Mishustin said that will not suffer other obligations of the budget: Federal and regional. But, in particular, of course, speech can go and about the specific mechanism of using SWFs not only for infrastructure projects but also to addressing poverty issues," - said Shokhin.
He explained that such a mechanism could increase the cut-off price of oil in the budget rule. "And resource due to this, you may receive additional [from the government to achieve the objectives in the social sphere]," said the head of RSPP.
"However, Mikhail Mishustin person balanced, balanced, knows not only how to formulate goals, but also how to achieve them. So I hope that all here is built quite transparent and the result will be achieved," he said.
In accordance with the budget rule, the Finance Ministry monthly buys currency additional income from the sale of oil is more expensive than a certain level, the currency, the Ministry of Finance sends to the reserves. In 2019, the cut-off price rule in the budget amounted to $41,6 per barrel in 2020 this