Top

Sberbank: Russia's Reserve Fund may be exhausted this year

Strengthening of the ruble and additional financial support regions and companies has a negative impact on Reserve Fund

Baku. 23 April. REPORT.AZ/ Experts of "Sberbank" JSC believe that the Russian Reserve Fund may be exhausted in 2015.

As a result of the fact that the budget expenses due to the strengthening of the ruble and additional financial support to regions and companies may exceed planned by the end of 2015 and little more than 10% of the funds may remain in Reserve Fund.

This week, President Vladimir Putin signed a new amended draft budget for 2015. Due to the decline in oil prices budget revenues will be reduced by 2.5 trillion rubles, resulting in a budget deficit of 2.7 trillion rubles.

Government expects to close it at the expense of the Reserve Fund.

According to the director of the Center for Macroeconomic Research (CMR) of the Sberbank Julia Tseplyaeva, in reality, the government may have to spend much more to cover the budget deficit. The main reasons - reducing oil and gas revenues due to the strengthening of the ruble and the rising costs of transfers to the regions.

If you find out orphographic mistake in the text, please select mistaken part of the text and press Ctrl + Enter.

Last added

All news


Orphus sistemi