Igor Sechin: the budget deficit is not the basis for the withdrawal of money from the oil and gas industry.

The head of Rosneft Igor Sechin called for a mechanism of external and internal borrowing to cover the budget deficit of the Russian Federation in 2016. He stated this during a meeting of business circles with the RF Prime Minister Dmitriy Medvedev in Sochi.

"With regard to financing the budget deficit, the international practice is the use of domestic and foreign borrowings, not the withdrawal of funds from the investment programs of the real economy", - the head of the state-owned company stated. He believes that the availability of the budget deficit is not a reason for withdrawal of money from effectively working industry.

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