The money ran out. In Russia stopped the existence of strategic Reserve Fund
From 1 January 2018 ceased to exist, the Reserve Fund of the Russian Federation, because it just didn’t have enough money. All additional revenues of the Russian budget will now be sent to the national welfare Fund. The reserve Fund was intended to Finance the budget deficit in the case of a sharp drop in revenues. According to the Ministry of Finance of the Russian Federation, as of December 1, 2017 year amounted to 995 billion rubles (about 480 billion […]
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