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169610
Mon, 03/21/2011 - 08:17
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http://m.oananews.org//node/169610
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Russia's reserve fund to reach RUR 1,5 trillion in 2011 - Putin
MOSCOW, March 21 (Itar-Tass) -- Russian Prime Minister Vladimir Putin
believes that Russia's reserve fund will reach 1.5 trillion roubles this year and the pre-crisis GDP level will be restored in 2012. He has made a statement in an interview with the television channels Rossiya and My Planet during his visit to Khakassia.
"As far as the financial reserves are concerned we increased the gold and foreign exchange reserves of the Central Bank of Russia and created two reserve funds in the government, namely the national welfare fund, which should support the pension security system and a reserve fund, which we intend to spend in view of a deteriorating economic world situation,"he said. "We assumed that we would have some 250 billion roubles in the reserve fund at the end of 2010. Instead of it we kept 745 billion roubles as of January 1, 2011. So, we increased the reserve fund. This year we are planning to reach some one trillion and 500 billion roubles," Putin said.
"I believe that we will restore the GDP rate in 2012. Then we can say that we overcame the crisis. Currently we are on the way out of the crisis," Putin went on to say. He noted that he had not been afraid to take anti-crisis decisions, but he has had some concerns. "There were too many factors of a vague situation and no one could say how the situation will develop in world and our economies. When there are so many factors of a vague and unclear
situation, this causes some concerns," the prime minister laborated. "But we were confident that we can overcome it, because we pursued intentionally a correct economic policy. Secondly, our economy became mature for the last few decades," Putin underlined.
believes that Russia's reserve fund will reach 1.5 trillion roubles this year and the pre-crisis GDP level will be restored in 2012. He has made a statement in an interview with the television channels Rossiya and My Planet during his visit to Khakassia.
"As far as the financial reserves are concerned we increased the gold and foreign exchange reserves of the Central Bank of Russia and created two reserve funds in the government, namely the national welfare fund, which should support the pension security system and a reserve fund, which we intend to spend in view of a deteriorating economic world situation,"he said. "We assumed that we would have some 250 billion roubles in the reserve fund at the end of 2010. Instead of it we kept 745 billion roubles as of January 1, 2011. So, we increased the reserve fund. This year we are planning to reach some one trillion and 500 billion roubles," Putin said.
"I believe that we will restore the GDP rate in 2012. Then we can say that we overcame the crisis. Currently we are on the way out of the crisis," Putin went on to say. He noted that he had not been afraid to take anti-crisis decisions, but he has had some concerns. "There were too many factors of a vague situation and no one could say how the situation will develop in world and our economies. When there are so many factors of a vague and unclear
situation, this causes some concerns," the prime minister laborated. "But we were confident that we can overcome it, because we pursued intentionally a correct economic policy. Secondly, our economy became mature for the last few decades," Putin underlined.
