All extra revenues from oil will be sent to budget – Siluanov

The Minister of Finance of the Russian Federation Anton Siluanov said that the entire amount of additional income from the sale of oil would not be directed to the Reserve Fund, and the budget. About it reports TASS.


“We will enroll in the budget. The money we have will go towards the costs, the need to Finance the budget deficit will shrink so will be less to spend Reserve Fund” – said Siluanov on the sidelines of the Congress of the party “United Russia”.


The Minister noted that we are talking about saving money in the Reserve Fund.


Anton Siluanov said that the need in the near future to change the tax system in the oil industry. According to the Minister, of a new principle in the oil sector could be the introduction of added tax revenue in 2018.

Photo: Nikolay Gyngazov / Globallookpress