MAJOR POINTS IN ACCUMULATING AND MANAGING RUSSIAN OFFICIAL RESERVES
Accumulating and managing official reserves have become strategic functions of any government in the modern world economy. For many countries possessing large government reserves is regarded as method of financial crisis prevention. Among major prospects of management of government funds the following can be enumerated: possibility of their reduction, emergence of special investment funds, that hold to market strategies, currency and instrument diversification with the use of optimization models and reduction of market and credit risk, remaining of gold as investment instrument. The article reads ways of rational use of the Reserve Fund and the Fund of National Well-being on the basis of world experience. One of the directions of government spending may become public health services.