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Russia may spend $15-30 bln from National Wealth Fund to finance budget deficit — minister

June 17, 2016, 19:22 UTC+3

National Wealth Fund

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ST. PETERSBURG, June 17. /TASS/. Resources of the Russian National Wealth Fund (NWF) ranging from 1 to 2 trillion rubles ($15.4-30.9 bln) may be used to finance the budget deficit in 2017, Finance Minister Anton Siluanov said on Friday on the air with RBC TV Channel at the St. Petersburg International Economic Forum (SPIEF).

"I do not see risks if a portion of NWF resources is used to finance the budget deficit. We should target the amount from 1 to 2 trillion rubles ($15.4-30.9 bln)," the Minister said.

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