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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Investment

RF govt to spend money from Reserve Fund to cover budget deficit

Posted on 27 January 2010

From Itar-Tass: The Russian government will disburse 1,142 billion roubles (USD 1 = RUB 30.09) from the Reserve Fund to cover the federal budget deficit in the first half of the current year, the Prime Tass economic news agency said on Monday, quoting an instruction signed by Russian Prime Minister Vladimir Putin.

The text of the instruction posted on the government’s website, Prime Tass said………………….Full Article: Source


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