photo: Gennady Cherkasov
The official said that the decision to increase the Reserve Fund spending this year due to postponement of the privatization of “Bashneft”, reports RIA Novosti.
“A clear link with the fact that there is no privatization and we will cover this Reserve Fund. Other sources to cover the deficit,” added Lavrov, noting that we can talk about internal borrowing.
According to the Ministry, the Reserve Fund is now kept at 2.9 trillion roubles, whereas in the SWF – of 4.72 trillion rubles. In early September it was reported that they “lost” on the 470 billion rubles to 123 billion rubles, respectively.
Read the details in the article “MK: “Dismal trend”: the Reserve Fund “thinner” still at 470 billion rubles