Some oil, gas revenue to go to pension system - Putin
MOSCOW. Oct 6 (Interfax) - Part of the Russian budget's additional revenues, obtained through a favorable foreign economic situation, will be used to support the pension system, Prime Minister Vladimir Putin has said.
"We are keeping the national wealth fund, we are keeping it, it has hardly dropped and stands at 2.6 trillion rubles," Putin said at the "Russia Calling!" investment forum.
Money from the fund is mostly spent on supporting the pension system, "which, unfortunately, has a deficit," he said.
"We still have much to do with this system to make the pension and social funds self sufficient. Until that happens, money from the oil and gas sector will be spent on supporting the pension system," the prime minister said.
"We have calculated that we have enough of these resources to last until we achieve a deficit-free regime with these social funds," Putin said.