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Business / Finance

The Ministry of Finance will spend on the purchase of foreign currency 300 billion rubles monitoring of the banking press 08.05.2019 at 13:00

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From 14 may to 6 June, the Ministry of Finance the direct purchase of foreign currency 300,5 billion rubles this is stated in the message Department, received by RBC.

In accordance with the budget rule, the purchase will be sent to windfall from oil sales. According to the forecast, in may the budget will come from the excess of oil price over the baseline level 314,4 billion. deviation from the expected monthly income amounted to 13.9 billion rubles, which will be deducted from the amount.

"Thus, the total amount of funds allocated for the purchase of foreign currency, is +300,5 RUB bn Operations will be conducted in the period from 14 may 2019 and 6 June 2019, respectively, the daily volume of purchases of foreign currency amount to the equivalent of 16.7 billion rubles", — reported in the Ministry of Finance.

From 5 April to 13 may, the Ministry of Finance spent 255,4 billion rubles for the purchase of foreign currency. Compared with the March level of procurement volume decreased by 21.5%.

In accordance with the basic fiscal rule, the Ministry of Finance each month buys a currency on the windfall received in the budget from the sale of oil at a price above $40 per barrel.