The RF Ministry of Economic Development expects the decrease in the oil exports in the next 3 years.

The RF Ministry of Economic Development expects a decrease in the oil exports in the next three years. The materials of the RF Ministry of Finance with the reference to the specified calculations of the RF Ministry of Economic Development informs about the oil export reduction by 4% in 2015, by 6% in 2016 and by 8% in 2017 - compared to the level allowed for in the federal budget and fiscal strategy until 2017, RBK writes.

It is expected that the export of the petroleum products will increase significantly - in 2015 the volume of exports to be increased by 14%, in 2016 – by 15% and in 2017 – by 16%. In addition, the RF Ministry of Economic Development expects growth of the natural gas exports, but the average contract price for it is expected to reach $ 289 per thousand cubic meters (the price lowed for in the federal budget is $ 316 per thousand cubic meters).

The RF Ministry of Economic Development has retained its forecast of the world prices for the "Urals" type crude oil at $ 100 per barrel in 2017-2017.

Earlier today, Anton Siluanov, the RF Minister of Finance, stated that in 2015 the budget deficit will amount to 0.5% of GDP (the "Guidelines for the budget policy for 2015 and the planning period of 2016 and 2017" suggested 0.4%). The deficit for 2016 and 2017 is kept at 0.6% of the GDP.

The federal budget revenues will amount to $ 0.39 trillion, the expenses – to $ 0.40 trillion. This is less than was planned in the summer ($ 0.40 trillion, respectively). The expected income and expenses for 2016-2017 have not changed compared to the previously announced estimates. In 2016 the revenue will be $ 0.41 trillion, the expenses - $ 0.42 trillion. In 2017 the revenue will be - $ 0.43 trillion, expenses - $ 0.45 trillion.