Press review: Macron’s 'independent policy' display and MC-21’s maiden flight to successPress Review May 29, 13:00
Tefft confirms Huntsman may soon replace him as US ambassador to RussiaWorld May 29, 12:17
Le Pen says Putin’s visit to France will bolster relations between countriesWorld May 29, 12:13
Russia to respond to diplomats’ expulsion from Estonia on tit-for-tat basisRussian Politics & Diplomacy May 29, 11:49
French minister comments on Macron-Putin talksWorld May 29, 11:15
Russia condemns North Korea’s new missile testRussian Politics & Diplomacy May 29, 10:17
Trump’s administration seeks to restart Ukraine peace process — mediaWorld May 29, 9:38
WannaCry ransomware may be authored by hackers from Southern China — mediaWorld May 29, 8:58
Russia’s Eastern Military District receives new shipment of Terminator helicoptersMilitary & Defense May 29, 8:18
MOSCOW, July 6. /TASS/. Russia’s Reserve Fund may be depleted in 2017, Deputy Finance Minister Sergey Storchak said Wednesday.
"Yes, it is possible," he said when asked whether the Reserve Fund may be depleted next year, adding that "political decisions are made at various levels" and "at the moment this level is higher than mine."
As was reported earlier Russia’s Reserve Fund declined by 3.7% in June to 2.5 trillion rubles ($39 bln) while the National Wealth Fund (NWF) dropped by 3% to 4.7 trillion rubles ($73.4 bln). In dollar terms the funds amounted to $38.22 and $72.76 bln, respectively, as of July 1.
In May, the Finance Ministry spent $2.67 bln, €2.34 bln and £0.41 bln worth of funds from the Reserve Fund for financing budget deficit. No disbursements were reported for June. On the whole the Finance Ministry may spend a total of 2.2 trillion rubles ($34 bln) to finance budget deficit, which the Central Bank says may cause a structural liquidity surplus of the banking sector.
According to the data provided by the Finance Ministry, as of July 1 the Reserve Fund amounted to $17.42 bln, €15.61 bln and £2.62 bln.