The Ministry of Finance announced the reduction of the NWF in May by 122.4 billion rubles. – Kommersant

The Ministry of Finance announced the reduction of the NWF in May by 122.4 billion rubles.  – Kommersant


The volume of the National Welfare Fund (NWF) as of June 1 amounted to 12.3 trillion rubles, which is 122.4 billion rubles. less than volume fund as of May 1, follows from press release Ministry of Finance of Russia on the results of placement of funds of the NWF. The Ministry of Finance clarified that the volume of the NWF on June 1 was 8.2% of the projected level of GDP for 2023.

The press release says that in May, part of the funds of the National Welfare Fund in accounts with the Bank of Russia in the amount of 2.594 billion yuan and 3.86 tons of gold was sold for 48.967 billion rubles. These funds were used to cover the budget deficit, the Ministry of Finance notes.

The volume of liquid assets of the National Welfare Fund, which are on accounts with the Central Bank, as of June 1, amounted to 6.64 billion rubles. (4.4% of projected GDP), follows from the data of the ministry. The total income from the placement of funds of the National Welfare Fund in foreign currency with the Bank of Russia for the period from December 15, 2022 to May 31, 2023 amounted to 55.2 million rubles. ($4.45 billion), according to the Ministry of Finance.

Erdni Kagaltynov



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