Russia to cover budget deficit with rainy-day fund in 2022, FinMin says
Published on: Wednesday 27 April 2022
Russia's National Wealth Fund (NWF), a rainy-day cushion containing oil revenues, will be the main source of financing for a budget deficit seen at 1.6 trillion roubles ($21.6 billion) or more in 2022, the finance minister said on Wednesday.
News source: https://www.reuters.com/business/finance/russia-cover-budget-deficit-with-rainy-day-fund-2022-finmin-says-2022-04-27/