Sun, Nov 23, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Market, People

Medvedev puts Russia in a choice situation

Posted on 23 June 2011

Despite an average oil price over $100 a barrel in 2011, Russia’s sovereign wealth funds are bleeding assets, not accumulating them, because social and military spending have rocketed. Ten years ago, the Russian budget balanced at an oil price of barely $20 a barrel.
This year, Finance Minister Alexei Kudrin says it won’t balance even at $115 a barrel. The non-oil budget deficit, according to the International Monetary Fund, will be 12.7% of gross domestic product this year, more than eight percentage points higher than before the financial crisis……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 15239 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
November 2014
M T W T F S S
« Oct    
 12
3456789
10111213141516
17181920212223
24252627282930