The Economic Development and Trade Ministry has prepared two basic scenarios for approval: a "pessimistic," based on inertial development of the Russian economy, and a moderately optimistic, based on the innovative economic development.
"We issued instructions to finalize them [the parameters] and submit them to the government not later than March 11," Prime Minister Mikhail Fradkov said at a government meeting.
Both scenarios assumed that the average price for Urals crude will drop from $55 per barrel in 2007 to $50 per barrel in 2010.
According to the moderately optimistic forecast, backed by the economics ministry, the main parameters of socio-economic development in 2008-2010 will highlight the diversification of the economy and tax reforms.
The forecast puts GDP growth at 6.1% in 2007, 5.9% in 2008, 5.9% in 2009 and 6.1% in 2010.
Industrial growth is estimated at 4.3% in 2007, 4.5% in 2008, 4.7% in 2009 and 4.5% in 2010.
Inflation is projected at 7.5-8% in 2007, 6.5-7% in 2008, 6.3-6.8% in 2009 and 5.8-6.5% in 2010.
The forecast also envisions direct foreign investment in Russia by 2010 could grow 41.9% on 2006, to $44 billion.
Oil exports are expected to rise to 260 million tons in 2007, 267 mln tons in 2008, 272 mln tons in 2009, and 273 mln tons in 2010.
Natural gas exports will total 200.8 billion cubic meters in 2007, 208.4 bln cu m in 2008, 218.4 cu m in 2009 and 221.6 bln cu m in 2010, the forecast says.
