The government is working on financing projects at the expense of the National Welfare Fund for 1.5 trillion rubles. in 2023

The government is working on financing projects at the expense of the National Welfare Fund for 1.5 trillion rubles.  in 2023

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From the National Welfare Fund (NWF) in 2023, they can additionally send 1.5 trillion rubles. to finance projects, said Deputy Minister of Economy Ilya Torosov. According to him, this amount does not take into account 356 billion rubles, which will be directed from the fund under previously signed agreements.

“About 1.5 trillion rubles. now under development: we hope that in 2023 these funds will also come from the fund,” said Mr. Torosov “Izvestia”.

In 2022, 1.1 trillion rubles were sent from the NWF. Of these, 412 billion rubles were spent on infrastructure projects. In particular, we are talking about the roads Moscow-Kazan, Kazan-Yekaterinburg and bypassing Tver. About 692 billion rubles. aimed at supporting companies (recapitalization of Russian Railways, STLC, DOM.RF, Gazprombank, support for Aeroflot and other airlines).

The Finance Ministry earlier in January proposed expanding the use of NWF funds to advance contractors for major infrastructure projects. With reduced private investment, the current rules for issuing advances will no longer allow financing a number of works and expenses.

How market participants reacted to the initiative – in the material “Kommersant” “FNB will be generous with advances”.

Leonid Uvarchev

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