RF Central Bank ready to give 90% of profits to budget

The Central Bank of Russia may transfer 90% of its profits to the budget of the country, but only as a single action due to the difficult economic situation.

"The Bank of Russia doesn’t object to the transfer of 90% of its profits to the budget in 2015 as an ad hoc measure due to the difficult economic situation,’’ the Bank of Russia reports.

Elvira Nabiullina’s ministry informed that, according to law, the Central Bank transfers 75% of its profits to the budget, Tass reports.

At the moment the government is considering several measures which could allow the budget deficit to be dealt with in 2016.