the Central Bank is planning in may to enter into the banking system 1,5 tln rubles in the form of long-term repo loan funds secured securities. This writes Bloomberg.
the Publication notes that this mechanism will allow the Central Bank to print roubles and thus not to spend money from the national welfare Fund (NWF). According to sources Bloomberg, this measure would allow the regulator to bridge the gap in the budget that struck the collapsed oil prices. According to their estimates, the state Treasury is not counted one-fifth of the budgeted amount.
According to former Deputy Finance Minister Oleg vyugina, the plans of the Central Bank dictated by fear of the head of state to open “pods.”
“to Spend money from the national welfare Fund, the President is very afraid, because FNB is spent and nothing more”, – quotes vyugina “Rosbalt”.
it is Worth noting that by law the Central Bank cannot directly fill the budget money at the expense of emissions by buying Federal bonds. But the regulator can pour money into the banking sector, taking as collateral of state securities purchased at auctions and the market.
see also: the Government is preparing to borrow money from impoverished people: the scheme with bonds
