MOSCOW (Sputnik) –Following a Cabinet meeting Siluanov told journalists that the Reserve Funds would not be used up in 2017 but avoided giving any details on the subject.
"If we continue to spend them [the Reserve Fund and the National Wealth Fund] in the same volumes as in previous years, they will be quickly exhausted. We cannot allow that," he stressed.
The Finance Ministry planned to spend 2.1 trillion rubles ($32.8 billion) out of the Reserve Fund to cover budget shortfalls this year, with approximately 1 trillion rubles projected for next year.
