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Sovereign Wealth Funds Briefing - Categorized | Financials

Finance Minister: Russia’s Draft 2015 Budget Envisages No Sales Tax

Posted on 19 September 2014

The Russian government does not plan to make any cash injections into the country’s Reserve Fund next year. It is predicted that by the end of 2015, the Reserve Fund will amount to 3.543 trillion rubles ($92 billion), while the Russian National Wealth Fund (NWF), which is part of the Reserve Fund, is expected to reach 3.194 trillion rubles ($83 billion).
The Russian non-oil and gas budget deficit will amount to 10.5 percent of the country’s GDP……………………………………..Full Article: Source


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