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Russia not to spend 200 billion roubles from Reserve Fund - Siluanov

Earlier information was that the addendums to the current year’s budget planned use of the money from the Reserve Fund

Photo ITAR-TASS

Photo ITAR-TASS

WASHINGTON, October 12 (Itar-Tass) - Russia’s Finance Ministry is not planning to spend 200 billion roubles from the Reserve Fund, Minister Anton Siluanov told reporters on Saturday.

“It is a reserve for the case the situation is getting worse, we have not planned to use the Reserve Fund; our situation is balanced,” he said.

Earlier information was that the addendums to the current year’s budget planned use of the money from the Reserve Fund.

“We cannot have additional revenues to the Reserve Fund during the current year, however we do not want to use it,” though “if it comes to the worse, if all of a sudden something very unfavourable happens” we have reserved the right, the minister said adding “the government will not use that money.”

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