NEWS

Russia will have to spend the National Welfare Fund (NWF) to cover the budget deficit if the deficit will not be reduced in 2017, said Finance Minister Anton Siluanov.

Now for this purpose it is planned to spend the Reserve fund.

On November 2, during his working trip to Havana, Tatarstan Prime Minister Ildar Khalikov discussed issues of cooperation between Cuba and Tatarstan with Deputy Chairman of the Council of Ministers (Cuba) Ricardo Cabrisas.

On November 2, speaking at a regional meeting of financial, treasury and tax agencies on the results of execution of Tatarstan consolidated budget for nine months of 2015 and tasks till the end of the current year  Tatarstan Minister of Finance Radik Gaizatullin said that regional consolidated budget received 179.1 billion roubles, including 154.2 billion roubles of tax and non-tax revenues and 24.9 billion roubles of gratuitous receipts.

Additional revenues of oil companies from the ruble devaluation in 2016 are estimated at 300 billion rubles, said Deputy Finance Minister Sergei Shatalov.

"According to our estimates, oil industry will earn (in 2015 - ed.) about 400 billion rubles additionaly compared to the previous year and compared with the plans that have been in 2015. Somewhere around 300 billion (rubles - Ed. ) they receive in 2016. it is clear that this effect is fading, "- said Shatalov said at a tax conference of the American Chamber of Commerce in Russia.

On October 28, Tatarstan Prime Minister Ildar Khalikov took part in IV Moscow international forum “Open innovations” in Moscow.  The forum has been held since 2012. This year its partner is Serbia, in 2014 it was China, and in 2013 – Finland and France.