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Siluanov Says Budget Rules  Should Be Designed to Stabilise RUB

RUSSIA
  • Russian finance minister Siluanov states that budget rules should be designed to accumulate state funds and stabilise the RUB.
  • Recall - Siluanov is appearing in front of lawmakers today, where any comments regarding fiscal rules will be carefully watched. At the SPIEF last week, Siluanov stated that Russia are preparing to redraft their budget rules and switch fiscal governance policies to new rules from 2025. The central point of the redraft would be a change in the proportion of government spending as part of the price of a barrel of Urals crude. The threshold currently sits at $42/bbl.

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