Takes into account the budget and budget policy. Over 10 months, the feral budget was execut with a significant cold mail: what is it and what is it for? surplus. Do you expect that it can be execut with a surplus at the end of the year, and with what surplus?
— We are always extremely laconic in our budget policy. I will not deviate from this practice. The only thing I will say is that the budget balance. This year will differ from what was plann for this year by the amount of additional oil and gas revenues. Taking this into account, it is inde possible that there will be some surplus by the end of the year.
-But you don’t have any estimates of what it will be like?
Can you now assess how great the risks. Are for financial stability and, possibly, the monetary policy. Impact on quasi-sovereign and sovereign debt?
“I think that we do not see any impossible to identify what share of import systemic risks to financial stability from this.
– But does this situation worry you?
— From the point of view of the DCT, no.
— And from the point of view that agb directory in the long term this could form an additional risk premium for quasi-sovereign and, possibly, sovereign obligations?