The Budget Surplus Reached 3.2 GDP

Russia’s federal budget surplus has reached 3.2 percent of the country’s GDP. In October, the surplus has increased by third and now it is $48 billion. The National Reserve Fund, invested abroad in low-yield securities and used when oil and gas incomes fall, is $27 billion, the National Welfare Fund, invested in riskier assets and used to balance the deficit of the Pension Fund, is $94 billion.