The Finance Ministry is considering the possibility of merging the national welfare Fund (NWF) and Reserve Fund. On Monday, June 19, said the Minister Anton Siluanov, reports TASS.
Plans to invest SWFs in infrastructure projects needs to be done, but the remaining part of this resource is also a source for covering the expenditures of the Federal budget as a Reserve Fund, Siluanov noted. "I do not exclude that we can consider consolidating the resources of these funds in order to create a unified funding sources of the budget deficit," he said.
The merger of sovereign wealth funds will require legislative changes, but with the government this idea was not discussed until this issue is addressed only within the Ministry of Finance, said Siluanov. Next year the volume of Reserve Fund will increase to 623 billion rubles, said the Minister.
In may, the Finance Minister said that the Reserve Fund in 2017 will be spent fully, after which the Ministry of Finance will start to use the NWF. According to him, next year the Fund will be allocated the sum in 2017 oil and gas revenues.
In 2017 the Ministry of Finance of Russia plans be allocated to cover the budget deficit 1,061 trillion rubles from the Reserve Fund and 663,5 billion rubles from the national welfare Fund.
According to the Agency, the amount of the Reserve Fund on June 1, was 932,7 billion rubles (16.5 billion dollars), FNB — 4,192 trillion rubles (74,18 billion).
The Shanghai court ordered the company Yishidun International Trading, which is owned by two citizens of Russia, to pay 101 million dollars in fines, Bloomberg reported. The verdict was the first in China in respect of companies engaged in high frequency trading. The company illegally obtained the data exchange, said the court.
The Federal customs service (FCS) of Russia from the beginning of 2017, transferred to the budget of two trillion rubles. On Friday, June 23, said the Deputy head of the service of Timur Maximov. In this case the target FCS transfers in the budget in 2017 — 4,21 trillion rubles.
The official dollar rate set by the Bank of Russia on June 24, is lowered 49 cents to 59,66 ruble. While the Euro is worth 66,68 of the ruble (minus 47 cents), according to the regulator. Brent crude on London exchange ICE rose in price by 0.13 percent to 45.28 per barrel.
Rosalkogolregulirovanie prepared to implement the authority to regulate the tobacco market and supports the proposal. The head of the Department Igor Chuyan confirmed that "forces on the job enough." Currently, the matter is considered by the Ministry of Finance..
Oil company "Rosneft" plans to accelerate the process of digitalization of business and owing to this, principally to strengthen the control of material flows. The introduction of advanced technologies, the refinery will allow to predict a technical condition of industrial equipment, to prevent emergency situation.
In the Jogorku Kenesh (Parliament of Kyrgyzstan), about 80 members-men, led by the speaker left the meeting on women's rights. "Strange position, as if men gave birth to deputies not women and as if they have no mothers and sisters," — commented on the behavior of colleagues, the Deputy Natalia Nikitenko.