The volume of the National Welfare Fund (NWF) reached 13 trillion 541.2 billion rubles (equivalent to $145.224 billion) as of November 1, or 9% of the projected GDP for 2023. This has been reported telegram channel Ministry of Finance of the Russian Federation.
As of November 1, the volume of the fund reached 13.541 trillion rubles, of which 6.938 trillion were liquid assets (funds in bank accounts at the Bank of Russia).
Compared to last month, the ruble volume in the Central Bank accounts in the fund’s structure decreased by a third from 395.9 million to 261.8 million, and the euro volume decreased from 4.07 billion to 3.67 billion. and yuan remained unchanged – 508.2 tonnes and 279.7 billion, respectively.
Thus, due to the strengthening of the ruble exchange rate in the last month, the growth of the National Welfare Fund in dollar terms is observed, but if we consider foreign currency assets separately, the decline continues.
Volume of the National Welfare Fund of the Russian Federation as of October 1 of this year made 13.6 trillion rubles or $140.1 billion This is 55.3 billion rubles less as of September 1, 2023. This is equivalent to 9.1% of the country’s projected 2023 GDP.
At the end of September, Russian Finance Minister Anton Siluanov saidWhere the money of the main Russian “box” will be stored. The fund currently contains 4.07 billion euros, 279.77 billion yuan, 508 tons of gold and 395.9 million rubles.
Formerly Federation Council approved It changes the way Russia calculates its oil revenues.