Maxim Oreshkin assessed the financial stability of the federal budget project

The draft federal budget submitted by the government to the State Duma is “absolutely financially stable,” which indicates that the Cabinet of Ministers has a balanced development model, said Deputy Head of the Presidential Administration Maxim Oreshkin. His comment is quoted by TASS.

“Plus the Central Bank, which pursues an absolutely balanced monetary policy aimed at achieving stable inflation dynamics and financial stability,” the Kremlin representative also said.

According to analyst Dmitry Polevoy, the Ministry of Finance, within the framework of the presented budget projections, “did everything that depended on it” to provide conditions for further reduction of the Central Bank’s key rate. In turn, the regulator’s deputy chairman, Alexey Zabotkin, emphasized that the Bank of Russia at the October meeting of the board of directors on the rate will take into account the entire set of incoming data, not limited to the budget factor.