 |
|
||
|
|||
|
|||
|
|
||
|
|
|
|
|||||
|
||||||||
|
|
|
Finance Minister estimates Reserve Fund spending in 2009
RBC, 26.11.2008, Moscow 13:41:45.More than RUB 1 trillion (approx. USD 36.5bn) from the Reserve Fund are likely to be spent in 2009, Deputy Prime Minister and Finance Minister Alexei Kudrin said at the Federation Council meeting. He reiterated that the Reserve Fund currently stood at RUB 3.5 trillion (approx. USD 127.78bn). The official noted that the ministry had been able to create "a serious safety cushion for the budget, which will last more than three years." Kudrin observed that the Reserve Fund's spending was connected with the need to allocate significant funds to support regional budgets, which would be lacking some of their revenue due to changes in the tax policies proposed by the prime minister. Furthermore, Russia's economic growth is anticipated to be lower than the forecast.
|
|||||||||||||||||||||||||||||||||||
