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16:05 Contingency Fund of Russia has lost 408 billion rubles per month

Contingency Fund of Russia for September decreased from 2,706 to 2,298 trillion rubles, and the National Welfare Fund - from 2,863 to 2,764 trillion rubles. This is stated in the official press release, the Ministry of Finance. Reduce balances in reserve funds Contingency Fund of Russia for September decreased from 2,706 to 2,298 trillion rubles, and the National Welfare Fund - from 2,863 to 2,764 trillion rubles. This is stated in the official press release, the Ministry of Finance. Reduce balances in reserve funds due to the need to cover the federal budget deficit country. During nine months of 2009 to cover the budget deficit was addressed to more than two trillion rubles. The Finance Ministry also noted that because of the placement of funds in the world's major currencies (dollar, euro and British pound), Russia has received additional income. In the case of the Reserve Fund's exchange rate from January 15 to 30 September brought 78.41 billion rubles, in the case of the National Prosperity Fund - total of two billion rubles. Russia gained a National Welfare Fund and Reserve Fund (until 2008 they were merged into the Stabilization Fund) in the years of high oil prices on world markets in recent years. In 2009 it was decided to spend part of the Reserve Fund to cover the budget deficit. In 2010, most likely, the Reserve Fund will cease to exist at all: it means to go to the federal budget. National Welfare Fund and Reserve Fund increased sharply in 2008. For comparison, in February 2008 in their accounts were 783 billion and 3.05 trillion rubles, respectively, and in January 2009, the second - 2,6 and 4,02 trillion rubles.

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