ID :
164901
Tue, 03/01/2011 - 08:59
Auther :
Shortlink :
http://m.oananews.org//node/164901
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Russia's Reserve Fund to reach one and a half trillion roubles in
MOSCOW, March 1 (Itar-Tass) -- Russia's Reserve Fund will reach 1.5
trillion roubles by the end of 2011, Russian Deputy Prime Minister and
Minister of Finance Alexei Kudrin said on Monday.
According to Kudrin, growing oil prices driven by the situation in the Middle East will help Russia "resume its Reserve Fund replenishment already in 2011, although it was planned no earlier than in a period of from two to three years."
"If now our Reserve Fund stands at 700 billion roubles, by the end of the year it will go up to 1.5 trillion roubles," Kudrin noted and stressed that "budgetary expenses in 2012 will not be increased through oil and gas revenues."
trillion roubles by the end of 2011, Russian Deputy Prime Minister and
Minister of Finance Alexei Kudrin said on Monday.
According to Kudrin, growing oil prices driven by the situation in the Middle East will help Russia "resume its Reserve Fund replenishment already in 2011, although it was planned no earlier than in a period of from two to three years."
"If now our Reserve Fund stands at 700 billion roubles, by the end of the year it will go up to 1.5 trillion roubles," Kudrin noted and stressed that "budgetary expenses in 2012 will not be increased through oil and gas revenues."
