The state Corporation “rostekh” and “Rosatom”, “Rosavtodor”, “Roscosmos” and Fund of assistance to reforming housing and communal services will be required to transfer to the Federal budget 50 percent of their income derived from investing temporarily available funds.
This bill, the Ministry of Finance has published for public comment. It is designed to implement the decisions adopted on 20 January at a meeting with first Deputy Prime Minister Igor Shuvalov about “tactical measures” to reduce the budget deficit.
The chamber has repeatedly drawn the attention of state-owned corporations for a long time not used for its intended purpose part of the money from the budget, placing them on deposits and thus profit. At the end of 2015 the volume of placed funds in this way was estimated at 78 billion rubles.
Will not be subject to the new rule only to the Agency for Deposit insurance and the Bank since their activity is directly connected with the need to reserve funds. They must be ready at any moment to mobilize a significant amount of money.
