Monday, July 25, 2016

The Ministry of Finance made a resumption of spending from the Reserve Fund in August – RBC

Russian Ministry of Finance in August may return to the spending of the Reserve Fund to finance the budget deficit. This was told by Deputy Minister Maxim Oreshkin, reports “RIA Novosti»

«In July, will not use, -. Oreshkin said. – In August, it is possible, we will use. ” The deputy minister said that this will depend on your budget needs.

In April and May of this year, the agency has spent 390 billion rubles. from the fund, but in July, it did not use them. “We have, in principle, in June there was a small deficit, and even on the first estimated surplus, and therefore did not require”, – explained Oreshkin

Total in 2016 Ministry of Finance can spend from the reserve fund of about 2.2 trillion. rub. According to the Deputy Minister, the most difficult month in terms of the use of funds is December, “to the maximum spending accounts for a maximum usage.” In 2015, of the spent on financing the budget deficit 2.6 trillion rubles. December had 710 billion rubles.

In early June, polled by RBC economists made a speedy exhaustion of the Reserve Fund. 14 out of 32 economists and analysts were of the opinion that they had already run out in 2017.

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