Costs investfonda Russia sharply reduced.

Costs investfonda in 2009 was 64 billion rubles instead of the planned 113 billion previously. The statement was made by Vice-Premier Russia Dmitry Kozak, transmits PRIME-TASS. The cause of reducing costs has been phasing out the projects, which should have been sofinansirovatsya State. According to Kozak, the government had selected 21 projects, but construction began only 15.
Kozak also noted that a special commission on December 25, approved 19 projects by 82 billion rubles from the regional. 11 of them will be partially funded through investfonda, transmits Interfax.
Investfond appeared in Russia in late 2005. In a government remit a portion of funds from high oil prices on the world market. Under the three-year financial plan for the 2007-2009 year, investfond to be transferred 377 billion rubles. The money should go to the aid of private companies in the construction of major infrastructure projects.
The world financial crisis, the full impact on Russia in autumn 2008, has led not only to a reduction in business activity in the country, but also to a significant increase in budget expenditures. As a result, the Ministry of Finance plans to that in 2009 the country's budget deficit will be about five per cent of GDP.