Russia to spend $55 bln from rainy-day fund to cover 2022 budget deficit -FinMin

Russia plans to spend 3.19 trillion roubles ($54.62 billion) from its National Wealth Fund (NWF) this year to cover its budget deficit, a draft budget published on the finance ministry's website showed on Wednesday.

In 2023, Russia intends to spend 1.95 trillion roubles on budget deficit financing from the NWF, a rainy-day fund made up of oil and gas revenues, and another 643.7 billion roubles in 2024. ($1 = 58.4000 roubles)

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