Russia’s Economy Minister Anton Siluanov
Speaking to media on the sidelines of an economic forum, Siluanov
The Minister added that planned outlays for this year from the Reserve Fund and the Fund of National Wealth together are calculated at US$30 billion (1.8 trillion rubles). The size of the Reserve Fund as of end-2016 was US$16.36 billion (
The size of the Reserve Fund and the Fund of National Wealth is calculated as a portion of gross domestic product for each fiscal year. When the Reserve Fund is filled, what remains of oil and gas revenues goes into the Fund of National Wealth. At end-December 2016, the Fund of National Wealth totaled US$70 billion (4.36 trillion rubles).
By Irina Slav for Oilprice.com
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