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16:15
RUSSIAN GOVERNMENT TO RECEIVE 7 B RUBLES FROM PRIVATIZATION IN 2010

Moscow, July 30 (Interfax) - The Russian government plans to use funds received from privatizations and reserve sales to cover the budget deficit in 2010, said Deputy Prime Minister and Finance Minister Alexei Kudrin on Thursday.

Kudrin said that around 7 billion rubles would be received from privatization.

"In addition, various reserves will be sold, including precious metals, to cover the deficit. However, this will be a small amount coming to less than 10 billion rubles," he said.

In addition, Kudrin said that funds received from returned loans (earlier provided to Russia's regions and other countries) would be used to cover the budget deficit.

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