Russia increases its reserve fund to 273 billion rubles
Russian Ruble. (Photo: istock)
The main source of the increase in the Reserve Fund will be additional revenue from oil and gas in the first quarter of the past.
The authority of the Government to determine these funds is provided for in the amendments to the law on the budget execution function of the Federal budget system. Russia 2022, approved by President Vladimir Putin in early March. These powers allow the government to react quickly and flexibly to fluctuations in the economy.
The Contingency Fund of the Government of the Russian Federation is established to support expenses incurred and not specified in the federal budget law for the respective fiscal year.
Funds from this fund are allocated to address important social issues. In 2021, the fund has been allocated for the fight against the COVID-19 pandemic and payments to retirees and families with children aged 6-18.
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at Blogtuan.info – Source: vtv.vn – Read the original article here
