Tuesday, February 2, 2016

Putin tells government to use its rainy-day funds 'carefully'



President statesman same on weekday that Russia's government ought to "carefully" use its "rainy day" reserve funds currently once low oil and alternative artefact costs have crumpled budget revenues.

"Of course, in these conditions that we tend to live through currently, we tend to should rigorously however still use our reserve funds ... 1st and foremost, the reserves of the govt.," he told a conferences with activists of The All-Russia
People's Front, a pro-Kremlin public movement.

"This is simply what these reserve funds area unit meant for - to finance social obligations at a time of economic decline - and this can be what we'll definitely do," he same throughout a visit to the Stavropol region in southern Russia. He didn't specify what funds he was touching on.

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