The Ministry of Finance: contingency Fund spending in December will increase

The Ministry of Finance: contingency Fund spending in December will increase


Benchmark expenditure for the year will remain at the level of 2.6 trillion rubles, the largest part of the expenditure of the Reserve Fund will be in December, said the Deputy Minister of Finance Maxim Oreshkin.

MOSCOW, Nov 17. Expenditure from contingency Fund the Ministry of Finance of the Russian Federation in December will be significantly higher than in October and November, the benchmark year remains unchanged, stated to journalists the Deputy Minister of Finance Maxim Oreshkin.

“We have the benchmark year. It remains unchanged at 2.6 trillion rubles, this amount will be phased out. Most of the expenditure of the Reserve Fund will be in December”, — he said.

“November is about the same amount (expenditures — ed.) compared with October. In December will be significantly higher,” — said Oreshkin.