Siluanov said the condition of keeping the Reserve Fund in 2017

Siluanov said the condition of keeping the Reserve Fund in 2017


Moscow. January 13. The likelihood of the remaining funds in the Reserve Fund in 2017 there is, it can not be exhausted, as stipulated by the budget law now, if oil prices remain at $50 a barrel, said Finance Minister Anton Siluanov.

“This year the budget provides for the use of the funds – the Reserve Fund and national welfare Fund in the amount of 1.8 trillion rubles. The amount of the Reserve Fund on January 1, is about 970 billion rubles due to the NWF remains spending about 900 billion rubles. If we can keep the Reserve Fund if oil prices remain at $50 per barrel? We can, because the amount of additional revenues could amount to about 1 trillion rubles,” – he told reporters.

The use of the Reserve Fund for financing budget deficits may begin in March-April, Siluanov noted. On 10 January it became known that in December the Reserve Fund of the Russian Federation has decreased in two times the volume of the Fund on December 1, 2016 was $ 2,032 trillion rubles on January 1, 2017 – 972,13 billion. According to the adopted law on the budget for the next three years, the price of oil is set at $40 per barrel.

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