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the banking sector via the Reserve Fund, which was used to finance budget expenditures. In this situation, money market rates fluctuated around the key rate.

sector, an upward revision of social payments indexation, as well as overall budget policy easing. As inflation slows down in line with the forecast and

Lyakh stated and proceeded with financial pyramids, their harmfulness to a family budget and their basic features which help identify law breakers. ‘Quick and easy

last year, spending of budget funds. This helps mitigate the risks of negative impact on 2015 Q4 GDP from even budget spending of this year

of Russia representing funds of the federal budget, the budgets of constituent territories of the Russian Federation, local budgets, government extra-budgetary funds and extra-budgetary funds

Budget Funds in Accounts of Credit Institutions (millions of rubles) 30.09.2015 federal regional and local other extra budgetary budget funds budget funds budget

regulated sector, upward revision of social payments indexation, as well as overall budget policy easing. In making its subsequent decisions, the Bank of Russia will

must transfer to the federal budget. Article 6 of Federal Law No. 245-FZ, dated 30 September 2010, ‘On Amending the Budget Code and Other Laws

Budget Funds in Accounts of Credit Institutions (millions of rubles) 31.08.2015 federal regional and local other extra budgetary budget funds budget funds budget

of Russia representing funds of the federal budget, the budgets of constituent territories of the Russian Federation, local budgets, government extra-budgetary funds and extra-budgetary funds