Putin Says: Russian Reserves Will last!

Putin was on TV reassuring Russia that all is well. Well OK all is still terrible but Russia is doing a lot better than America is…

“The deficit will be covered from our own resources: activities on the domestic loan market and the Reserve Fund, which currently stands at 4.8 trillion rubles [$132.6 billion]. These funds will be enough to balance the budget in this and subsequent years,” Putin said. According to the parameters of the federal budget for 2009 approved last year, expenditures were to total 9.024 trillion rubles ($248.4 billion at current exchange rates) and revenues slightly over 10 trillion rubles ($275.3 billion). These figures will be adjusted. (Link)

Russia has been through the rough stuff not very many years ago. Russia will be all right…

Kyle & Svet

comments always welcome.

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