Oil price of $117 per barrel to keep Russia’s budget deficit-free
PARIS, October 16 (Itar-Tass) — The oil price of 117 dollars per barrel will ensure Russia’s deficit-free budget, Acting Finance Minister Anton Siluanov said on Saturday.
He took part in the G20 ministerial meeting in Paris.
“Our budget’s balance will be ensured if the oil price stands at 117 dollars per barrel,” he said.
At the same time the draft budget for 2012 envisages the oil price of 100 dollars per barrel and the budget deficit of 1.5 percent.