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Russian Finance Ministry: Plans on spending from Reserve Fund in 2016-2017 not changed

December 12, 2016, 16:42 UTC+3 MOSCOW
Earlier Finance Minister Anton Siluanov said that the Reserve Fund will be exhausted in 2017
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MOSCOW, December 12. /TASS/. The Finance Ministry’s plans on spending from the Reserve Fund in 2016 and 2017 remain unchanged, First Deputy Finance Minister Tatyana Nesterenko said on Monday.

"From the Reserve Fund we will take all that is provided in the law, because we should carry out obligations - to pay pensions, allowances. We are moving ahead without any changes," she said.

Earlier Finance Minister Anton Siluanov said that the Reserve Fund will be exhausted in 2017.

But he said that Russia may get additional revenues in 2017 thanks to the growth of oil prices. If the oil price is around $50 per barrel the budget may receive by 1 trillion rubles ($16.3 bln) more than it was planned and half of these revenues may replenish the Reserve Fund, Siluanov said.

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