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    Russia's 2010 budget spending may fall 400-500 bln rbls below plan - ministry

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    Russia's budget spending may fall by 400-500 billion rubles in 2010 compared with the budget plan while unspent funds will be channeled back into the Reserve Fund, Deputy Economic Development Minister Andrei Klepach said on Tuesday.

    Russia's budget spending may fall by 400-500 billion rubles in 2010 compared with the budget plan while unspent funds will be channeled back into the Reserve Fund set up to cushion the federal budget against a fall in oil prices, Deputy Economic Development Minister Andrei Klepach said on Tuesday.

    "Budget expenses will be 400-500 billion rubles lower. The funds will not be spent and will be returned to the Reserve Fund," Klepach told a banking forum.

    Klepach also said that a fall in spending would lead to a decrease in real investment, which was a major problem today.

    LONDON, November 30 (RIA Novosti)

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