At the beginning of May this year, the amount of money in the National Wealth Fund (NWF) reached 12.47 trillion rubles. This figure corresponds to 8.3% of Russia’s projected gross domestic product (GDP) for 2023, reported On the Ministry of Finance (MoF) website.
“As of May 1, 2023, the volume of the National Wealth Fund is 12,475,588.3 million rubles or 8.3% of GDP for 2023 in accordance with Federal Law No. 466-FZ of December 5, 2022 “On the Federal Budget for 2023” took place as and for the 2024 and 2025 planning period, which is equivalent to US$154,958.3 million,” he says.
The volume of liquid assets of the National Welfare Fund amounted to 6.82 trillion rubles as of May 1. This figure equates to $84 billion, or 4.6% of the country’s projected GDP for the current year. Liquid assets mean funds held in accounts at the Bank of Russia, the Ministry of Finance concluded.
April 12 Deputy Head of the Ministry of Finance (MinFin) Vladimir Kolychev declarationThe euro may be removed from Federal Tax Budget (FNB) assets by the end of 2023. Transactions in euros and US dollars are “off the market”.