Fri, May 29, 2015
A A A
Welcome asarmad
RSS

Sovereign Wealth Funds Briefing - Categorized | Financials

Russia plans to triple state debt by 2014

Posted on 09 August 2011

Russia, which until now has borrowed relatively little, is envisaging a tripling of its public debt in the next three years amid sluggish growth and high spending. Russia was able to build up tens of billions of dollars in two reserve funds during the era of high oil prices, helping the country weather the global financial crisis of 2008.
But the finance ministry document said that Russia’s petrodollars would now be used to finance expenditure. The National Reserve Fund would receive only a small top-up while the National Welfare Fund would be given no further money……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 16346 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
May 2015
M T W T F S S
« Apr    
 123
45678910
11121314151617
18192021222324
25262728293031