Russia’s ‘soldier of future’ combat gear proves its worth in SyriaMilitary & Defense August 23, 12:33
Monitoring center for southern Syrian de-escalation zone starts activities in AmmanWorld August 23, 12:03
Two frigates of 11356 project to be finalized for Indian NavyMilitary & Defense August 23, 12:00
Ratnik combat gear enters service, delivery to army beginsMilitary & Defense August 23, 11:16
Russian film director says Anna Karenina: Vronsky’s Story will contend for OscarSociety & Culture August 23, 10:36
Arson sparked massive fire in Russia's Rostov-on Don— sourceSociety & Culture August 23, 9:23
US visa suspension move tramples on idea of freedom — senior Russian diplomatRussian Politics & Diplomacy August 23, 6:19
Bout barred from calling out of US jail, meeting relatives for 2 months - lawyerWorld August 23, 4:57
Russia celebrates day of Nazis’ defeat in world’s biggest-ever armor operationSociety & Culture August 23, 3:18
MOSCOW, September 6. /TASS/. Russia’s Finance Ministry transferred 390 bln rubles ($6 bln) from the Reserve Fund to the budget in August, thus using the fund to cover the budget deficit for the third time this year.
According to the ministry, the Reserve Fund was down 18% in August to 2.09 trillion rubles ($32.22 bln), while the National Wealth Fund was down 2.5% to 4.719 trillion rubles ($72.78 bln).
"In August 2016 a part of the Reserve Fund in foreign currency in the amounts of $2.92 bln, €2.46 bln and £310 mln was sold for 390 bln rubles ($6.01 bln), and the proceeds were credited to a single of the federal budget," the statement said.
In April and May 2016, the Finance Ministry also spent 390 bln rubles ($6.01 bln) in each month from the Reserve Fund to cover the budget deficit. Thus, 1.17 trillion rubles ($18.05 bln) were allocated from the Reserve Fund to cover the 2016 budget deficit.