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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Performance

Russia: Fund interest leads to January surplus

Posted on 10 February 2010

From Themoscowtimes.com: The government had a budget surplus of 2.4 percent of gross domestic product at the end of January, the Finance Ministry said Tuesday, a jump in revenues driven largely by income from last year’s investments of the sovereign wealth funds.

The Finance Ministry said budget income stood at 737.6 billion rubles ($24.3 billion) in January, while expenses were 671.4 billion rubles, leaving a surplus of 66.1 billion rubles…………………………………Full Article: Source

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