MOSCOW, Apr 12 (PRIME) -- The Russian government may skip the pension adjustment to inflation in June–August in favor of a later one-time payout, business daily Kommersant reported on Tuesday, citing a source in the government.
The source said that authorities will likely make adjustments to the 2016 state budget in November because of the oil price uncertainty.
If oil prices remain approximately at U.S. $40 per barrel, the state budget will lose 1.2–1.3 trillion rubles of planned income, which could trigger spending of oil major Rosneft’s dividends to state oil and gas holding Rosneftegaz and a larger scale privatization to meet the liabilities to retirees, the daily reported.
(67.1250 rubles – U.S. $1)
End
|
|
