Minfin may use 1.55 trln rubles from Reserve Fund to balance budget in H2
MOSCOW. Dec 17 (Interfax) - The Russian government has authorized the Finance Ministry to use 1.5483 trillion rubles from the Reserve Fund to balance the budget in the second half of 2009. The instruction is published in the government's statutory database.
The instruction amends an earlier authorization for the Finance Ministry to use 1.3574 trillion rubles from the Reserve Fund to balance the budget in the third quarter.
"This instruction authorizes an increase in allocation of Reserve Fund money by 190 billion rubles," a Finance Ministry official told Interfax.
The government authorized the Finance Ministry to use 1.60397 trillion rubles from the Reserve Fund to balance the budget in the first half of the year.
As of December 1, 2009 a total of 2.26359 trillion rubles from the Reserve Fund had been allocated to balance the budget since the beginning of the year.
On Wednesday, Deputy Prime Minister and Finance Minister Alexei Kudrin said that 2.688 trillion rubles had been used from the Reserve Fund. He recalled that the budget provides for a total of 2.821 trillion rubles to be spent from the Reserve Fund in 2009.