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Sovereign Wealth Funds Briefing - Categorized | Financials, Reserve Currencies

Russia may tap National Wealth Fund to cover budget deficit in 2017

Posted on 17 June 2016

Russia may start spending cash from one of its sovereign wealth funds, the National Wealth Fund (NWF), to cover budget shortfalls next year, Finance Minister Anton Siluanov said on Thursday.
“If necessary next year part of the funds of the NWF may be used,” he said at the annual St Petersburg International Economic Forum. Russia has so far been mostly using a separate sovereign fund, the Reserve Fund, to cover its budget deficit, but that fund has been dwindling fast………………………………………..Full Article: Source


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