Central Bank has promised to prevent inflation from the Reserve Fund for the expenses.

KommentariiGde money Zine? 25.02.2009Dohody federal budget Russia has sokratyatsyaEmissiya to cover the federal budget deficit in 2009 could reach 2.7 trillion rubles. However, it did not affect the inflation rate since the Bank of Russia will reduce this amount to refinance the banks. This is the first vice-chairman told CBR Alexey Ulyukaev, reports RIA Novosti.
According to him, the MOF will be used to cover shortfalls in Reserve Fund, in the currency. They will be sold to the Central Bank, which will release the appropriate amount of rubles. Each month, the Russian economy will be more than 200 billion rubles allocated to cover the shortfall.
  Ulyukaev added that the importance of the Central Bank refinancing for banks not to exaggerate, because its share of the liabilities of credit institutions is not more than 20 per cent.
February 24, Finance Minister Alexei Kudrin said that the revenue budget-2009 will drop by 42 percent compared with last year and will total 6.3 trillion rubles. Meanwhile, the cost should reach 9,3-9,5 trillion. Initially, income is expected to be 10.9 trillion rubles, expenses - 9,2 trillion. Later, because of the impact on the economy of the global economic crisis, the authorities revised the number of parameters, including the price of oil.
For the first fifteen months of 2009 inflation in Russia amounted to three percent. At the end of the year the Ministry of Economic Development expects consumer price inflation level, 13-14 percent Al. In 2008, inflation stood at 13,3 percent.