Russian Defense Ministry surprised over German MPs reaction to Reichstag miniature plansRussian Politics & Diplomacy February 24, 16:32
Iraq's PM orders airstrikes on IS positions in SyriaWorld February 24, 16:09
Nord Stream 2 financing model to be ready by year end - OMVBusiness & Economy February 24, 13:44
Churkin left bright mark in history of Russian diplomacy, Lavrov saysRussian Politics & Diplomacy February 24, 12:20
Cargo spacecraft docks ISS in automatic modeScience & Space February 24, 11:58
Belarus to present to European Commission report on NPP stress tests' results - ministryBusiness & Economy February 24, 11:36
Funeral ceremony for UN Ambassador Vitaly ChurkinRussian Politics & Diplomacy February 24, 10:35
Moscow appoints acting permanent representative to UN after Vitaly Churkin’s deathRussian Politics & Diplomacy February 24, 8:25
Pentagon wants more senior-level talks with Russia on security of flights in Syria — mediaWorld February 24, 8:15
MOSCOW, July 18. /TASS/. The Reserve Fund and the National Wealth Fund will not be completely depleted, Russian Deputy Minister of Finance Alexeн Moiseev said in an interview with Rossiyskaya Gazeta newspaper to be published on Tuesday.
"We will not bring the Reserve Fund and the National Wealth Fund to the condition of complete depletion. The budget deficit will be contracted. It will be financed at the expense of renewable sources, privatization and government bonds floating in the first instance. Then expenditures from sovereign funds will stop," the official said.
The position of the ministry is that "spending of funds should be minimized," Moiseev said.
Meanwhile, the Russian budget will receive about 190 bln rubles ($3 bln) of dividends from state-owned companies this year and somewhat 250 bln rubles ($4 bln) in 2017, the official said.
"Considering all the exceptions made for state-owned companies, we nevertheless intend to bring nearly 190 bln rubles ($3 bln) to the budget. About 250 bln rubles ($4 bln) are expected to be earned in 2017 if the dividend rate remains 50% [of net profit]," Moiseev said.
The Ministry intends to insist from the next year that state-owned companies pay dividends from the net profit under International Financial Reporting Standards and not under Russian Accounting Standards, he added.