25 Jan 2010 11:20

Finance Ministry can use 1.14 trln rubles from Reserve Fund to balance budget in H1

MOSCOW. Jan 25 (Interfax) - The Russian government has authorized the Finance Ministry to utilize up to 1.142 trillion rubles from the Reserve Fund to finance the budget deficit in the first half of 2010.

The corresponding government resolution dated January 19, 2010 has been published on the government web site.

A total of 2.965 trillion rubles from the Reserve Fund went to balance the budget in 2009.

The reserve fund totaled 1.831 trillion rubles as of January 1, 2010 ($60.52 billion), down from 4.028 trillion rubles ($137.09 billion) a year earlier.