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Russian Finance Ministry Will Cut $6.5 Billion in 2016 Budget Expenses

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The Russian Finance Ministry is planning to cut over 500 billion rubles ($6.5 billion) from its expenses this year. 13.01.2016, Sputnik International

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2016-01-13T11:57+0000

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Russian Finance Ministry Will Cut $6.5 Billion in 2016 Budget Expenses

11:37 GMT 13.01.2016 (Updated: 11:57 GMT 13.01.2016)

The Russian Finance Ministry is planning to cut over 500 billion rubles ($6.5 billion) from its expenses this year.

MOSCOW (Sputnik) – The Russian Finance Ministry will cut approximately $6.5 billion from its budget expenses in 2016, Finance Minister Anton Siluanov said Wednesday.

“Over 500 billion [rubles],” Siluanov told journalists in response to how much the ministry would cut from its expenses this year.