The Ministry of Finance allowed the reduction of spending of funds of the National Welfare Fund – Kommersant
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The government may consider reducing the use of the National Wealth Fund (NWF) “taking into account the assessment of the situation in the economy and the financial system”, informed Ministry of Finance. We are talking about funds to finance additional budget expenditures for the transition period 2023-2024.
The Ministry of Finance made a statement in a separate message on its website. In it, the department reminds that for 2023 and 2024 the use of up to 2.9 trillion rubles is provided. and 1.3 trillion rubles. NWF funds, respectively, within the framework of the transitional provisions of the budget rule. The money can be used to finance additional federal budget spending. The Ministry of Finance notes that it provides for “a gradual reduction in the use of NWF funds for additional federal budget expenditures and the normalization of budget policy.” “This approach is designed to help ensure economic and financial stability,” the statement says.
As of July 1, the volume of the NWF was 12.67 trillion rubles. Over the month, the size of the fund increased by 317 billion rubles, but at the same time decreased by $7.5 billion in dollar terms. As of July 1, the liquid part of the NWF consisted of €7.3 billion, 282 billion Chinese yuan, 512 tons of gold in impersonal form and 400 million rubles. (equivalent to 6.8 trillion rubles).
On budget revenues – in the material “Kommersant” “The budget did not reach the base”.
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