Russia’s Reserve Fund to be fully spent in 2017
The Russia’s Reserve Fund will be fully spent in 2017, according to the draft budget for 2017-2019 prepared by the Finance Ministry and posted on the legal information website. In particular, the Finance Ministry plans to spend 1.15 trillion rubles ($18.4 bln) from the Reserve Fund and 659 bln rubles ($10.5 bln) from the National Wealth Fund in 2017, the document says. The draft also says that the Russian Finance Ministry wants to...
Russia’s Reserve fund to be exhausted in 2017
The Russian Reserve Fund will be exhausted over the course of the next year, the budget deficit financing will start from the Russian National Wealth Fund, Deputy Finance Minister Alexei Lavrov told journalists on Friday. “The Reserve Fund, as I remember, will be used up over the next year,” Lavrov said. He added that once the fund is exhausted, the budget deficit financing will start from the National Wealth Fund. The...
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