The volume of the NWF for March increased by 800 billion rubles
[ad_1]
The volume of the National Wealth Fund (NWF) of Russia in March increased by 800 billion rubles, informed Ministry of Finance of the Russian Federation.
As of April 1, the volume of the NWF amounted to 11.906 trillion rubles. or 7.9% of GDP projected for 2023, which is equivalent to $154.4 billion. As of March 1, the volume of the NWF was 11.106 trillion rubles. ($147.23 billion, 7.4% of GDP). In February, the FNB increased for 300 billion rubles.
As of April 1, the volume of funds of the National Welfare Fund in the accounts of the Central Bank amounted to 6.712 trillion rubles. ($87.07 billion). 10.4 billion euros, 292.58 billion Chinese yuan, as well as 527.38 tons of gold in impersonal form were placed on separate accounts for accounting for the funds of the National Welfare Fund with the Central Bank.
In March, part of the NWF funds on accounts with the Central Bank in the amount of 7.47 billion yuan, as well as 11.8 tons of gold, was sold for 137,071.2 million rubles. to finance the budget deficit.
Earlier today, the Ministry of Finance announced that will reduce sale of RMB under the fiscal rule by 37.7%. Operations will be carried out from April 7 to May 5, the daily sales of yuan will amount to the equivalent of 3.7 billion rubles. From the moment the rule was renewed – January 13 – until February 6, the Bank of Russia, on behalf of the Ministry of Finance, sold yuan in the amount of 54.5 billion rubles. (3.2 billion rubles per day). From February 7 to March 6, foreign currency sales under the budget rule were almost tripled to 160.2 billion rubles. In March, the Ministry of Finance again reduced foreign currency sales to 119.8 billion rubles.
Earlier, the Ministry of Finance announced that the federal budget deficit in January-February 2023 was preliminary made up 2.58 trillion rubles, which is 25% lower than the volume of income received in January-February 2022. Expenditures amounted to 5.74 trillion rubles, which is 52% more than a year earlier. Oil and gas revenues amounted to 947 billion rubles. and decreased by 46%, which is primarily due to a decrease in quotations for Urals oil and a decrease in natural gas exports, the ministry noted.
[ad_2]
Source link
