Diplomat says US’ allegations about isolation of Russia in UN are "strange"Russian Politics & Diplomacy April 28, 20:58
Experts say Russian hackers strongly demonized in USRussian Politics & Diplomacy April 28, 20:35
Ferrari drivers clock best time in Practice Two of Russia F1 GP in SochiSport April 28, 19:54
Red Bull’s advisor Marko says Kvyat to possibly remain with Toro Rosso next yearSport April 28, 19:16
Pope Francis blesses pregnant TASS correspondent en route to EgyptWorld April 28, 18:55
Russian diplomat says use of military force against North Korean unacceptable, dangerousRussian Politics & Diplomacy April 28, 18:45
UN chief calls for lowering risk of miscalculation concerning North Korea issueWorld April 28, 18:15
Moscow deeply regrets Montenegro’s decision to join NATORussian Politics & Diplomacy April 28, 18:07
Maria Sharapova reaches Porsche Tennis Grand Prix semifinalsSport April 28, 17:50
MOSCOW, June 29. /TASS/. Reserve Fund expenditures will not be over 2.2 trillion rubles ($34.3 bln) in 2016, Russia’s Finance Minister Anton Siluanov said on Wednesday.
"We believe the Reserve Fund expenditures will not be above 2.2 trillion rubles ($34.3 bln), provided that all decisions worked out by the government in revenues sphere are implemented this year, privatization receipts and Rosneftegaz dividends in the first instance," the minister said.
According to the official, the ministry expects oil prices to stand at about $40/bbl by the end of the year.
The minister also noted that nominal budget revenues would continue falling next year.
"Decline of budget revenues in nominal terms will continue. There will be no one-off revenues we will receive this year - profit of the Bank of Russia and dividends from Rosneft shares sale through Rosneftegaz. It turns out the revenue assessment confirmed by all experts is lower than the current year level," the Minister said.