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Russia to Spend $38Bln From Reserve Fund in 2015

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Russia will spend 2.5 trillion rubles (some $38 billion) in 2015, Finance Minister Anton Siluanov said Wednesday.

Russian Ruble - Sputnik International
Russian Budget Deficit for 2016 'Will Not Hurt Macro-Economic Stability'
MOSCOW (Sputnik) — As of August 31, Russia's Reserve Fund totaled 4.7 trillion rubles, while the National Wealth Fund accumulated 4.9 trillion rubles.

"We will spend 2.5 trillion [from the Reserve Fund] this year," Siluanov told reporters.

He added that the Finance Ministry was planning to keep at least 2 trillion rubles cumulatively in the Reserve Fund and the National Wealth Fund by the end of 2018.

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