Finance Minister Anton Siluanov said that in 2020 Russia will have to increase borrowing to cover the budget revenues falling due to coronavirus-related restrictions. The Minister also confirmed that Russia’s budget this year will be scarce. “More than a trillion rubles of additional funds borrowing will go to the loss of non-oil revenues,”— said the Minister in the film Naila Asker-zade “Threat virus. The economy is” on the channel “Russia 1” (quoted by “Interfax”). Mr. Siluanov said that to fill the shortfall of oil and gas revenues will allocate 2 trillion rubles from the national welfare Fund (NWF).We will remind, the part of funds of the NWF will be spent on supporting the economy and population affected by the pandemic coronavirus. The Finance Minister said that by the end of the year in the NWF will be around 7 trillion rubles, Deutsche Bank believes that the Fund will last for two years if the price of Russian Urals oil will be $15.On the scale of the costs of the NWF until 2022 — in the material “Kommersant” “Not more than a trillion”.
