At 50$ per barrel of oil we shall lose about three trillion rubles of budget income

We have to define our top priority pending expenditures; these are, first and foremost, our social expenditures, and we have to cut on expenditures that we cannot currently afford. This is the very least we should do in 2015

One needs to redistribute and restructure expenditures in favour of infrastructure, education and so on. Such military expenditures are heavy to carry.

At 50$ per barrel of oil we shall lose about three trillion rubles of budget income

Budget for 2015 provides for 11.7% expenditures growth