Defense ministry reports North Korea’s missile launch pose no threat to RussiaMilitary & Defense July 28, 21:34
Russian diplomat comments on new US sanctionsRussian Politics & Diplomacy July 28, 20:50
US new anti-Russian law poses threat to energy projects — expertBusiness & Economy July 28, 20:30
Russia issues protest to Romania over ban on deputy PM's flight en route to MoldovaRussian Politics & Diplomacy July 28, 20:19
Car rams into crowd in HelsinkiWorld July 28, 19:38
This week in photos: Putin in Finland, Merkel at the opera and Santas in CopenhagenSociety & Culture July 28, 19:17
Lavrov tells Tillerson Russia ready to normalize relations with USRussian Politics & Diplomacy July 28, 18:57
Russian spacecraft blasts off from Baikonur to deliver new crew to world’s sole orbiterScience & Space July 28, 18:56
Russia hopes for dialogue with US — UN envoyRussian Politics & Diplomacy July 28, 18:30
MOSCOW, January 13. /TASS/. Russia is running a risk when it plans big borrowings of the domestic market in 2017, Chairwoman of the Russian Accounts Chamber Tatyana Golikova said in an interview with TASS as part of the Gaidar Forum.
She reminded that in 2017 the sources of financing federal budget deficit are the Reserve Fund until its complete exhaustion, as well as 670 billion rubles ($11,2 bln) of the National Wealth Fund.
Golikova said that in 2017 Russia plans to double borrowings on domestic market in comparison with 2016.
"About 30% of domestic borrowing falls to the share of foreign investors, and there are also certain risks there in terms of borrowing such large amounts, including subsequent costs on servicing the public debt," she said.
The draft budget for 2017-2019 provides for an increase of borrowings on the domestic market up to more than 1 trillion rubles ($16.8 bln) of net borrowing in 2017.