Reserve Fund and National Welfare Fund to decrease to 2 trillion by 2020

Read on the website Vestnik Kavkaza

Russia's Ministry of Economic Development expects the reduction of the total volume of Reserve Fund and National Welfare Fund from current 7.6 trillion rubles to 2 trillion by 2020, according to the forecast for 2017-2019, approved by the government.

"Ministry of Economic Development of Russia proceeds from the necessity to maintain the volume of funds at the level of at least 2 trillion rubles by the end of 2019," the forecast says.

The Ministry of Economic Development believes that the budget will remain in deficit until the end of three year period.