Page 47 - RusRPTJune18

fallen in recent years. But that's not due to changes in the economy so much as energy prices simply being lower: extractive sectors contributed less to the budget because they made less money,” Bear Market Brief said in a note.
6.1.2 Budget dynamics - govt funding plans
Russian government plans to establish a new fund for infrastructure investment worth up to RUB3 trillion ($50bn) in 2019 , the Finance Minister Anton Siluanov told the press at the St Petersburg Economic Forum.
The fund would function until 2024 and would be directly tied to complying with the latest May Decree of President Vladimir Putin, which among other ambitious goals lays out a plan for massive infrastructure spending .
47 RUSSIA Country Report June 2018 www.intellinews.com