Culture Minister: Crimea’s cultural heritage is underestimatedSociety & Culture July 25, 21:57
Official: Kabul needs Russian-made combat helicopters to counter terroristsMilitary & Defense July 25, 21:42
Armed group in Yerevan sets bus on fire at seized police stationWorld July 25, 21:29
IWF to make decision on eligibility of Russian athletes after consultations with WADA, IOCSport July 25, 21:18
Coach: Swimmers Morozov, Lobintsev have never had any doping violationsSport July 25, 20:54
Opposition forces gathering for rally in YerevanWorld July 25, 20:47
Turkey’s foreign minister: Turkish opposition likely to attempt coup in KyrgyzstanWorld July 25, 20:36
International Handball Federation set to retest all of Russian women’s team playersSport July 25, 20:19
FINA to retest all doping samples from 2015 World Aquatics Championship in RussiaSport July 25, 20:08
The document was published on the online resource of legal information.
Head of the parliament’s Committee on Budget and Taxes Andrey Makarov said that “about 500 billion rubles ($12.6 billion) from the Reserve Fund may be used already next year.”
The budget’s revenues from oil and gas operations, received above the basic oil price ($96 per barrel), go to the Reserve Fund. “We suggest modifying the norm and not to gain the means in the Reserve Fund, but to use them at the planning stage to cover state debt,” Deputy Finance Minister Alexey Lavrov said.
A draft budget for 2015-2017 says foreign borrowings will be $7 billion a year, when in 2015 net revenues will be $3.7 billion, and the rest will be used for settling the foreign debt. In 2016, net revenues will make $5.7 billion. In 2014, Russia did not borrow money abroad.