Russia 2016 economic plan to amount to 880 bln rbl: econ minister

MOSCOW, Feb 18 (PRIME) -- Russia’s economic plan for 2016 will stand at 880 billion rubles, 185 billion rubles of which will be provided from the government’s rescue reserves and 39.8 billion rubles – from the National Wealth Fund, Economic Development Minister Alexei Ulyukayev said at a meeting with the government on Thursday.

“The total volume of proposed measures will stand at about 880 billion rubles, part of which is foreseen in the current budget. And it can be only slightly adjusted,” he said.

Financing from the government’s rescue fund will stand at 185 billion rubles, and funding from the National Wealth Fund will stand at 39.8 billion rubles, Ulyukayev said. The authorities also plan to provide 38 billion rubles of guarantees to the economy.

(77.8503 rubles – U.S. $1)

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