Russia has one Fund for a rainy day

01 February 2018, 10:25 | Economy 
фото с YTPO.ru

Russia once again has one repository of public funds intended for patching budgetary holes. From 1 February 2018. The Reserve Fund officially merged with the National Welfare Fund (NWF). However, de facto the country has been living with the NWF since the new year - by the end of December 2017. The Ministry of Finance spent the last trillion from the Reserve Fund, resetting its accounts. In fact, Russia does not get used to having a single egg-box in which one can run a hand in case of financial difficulties. Until 1 February 2008. There was a Stabilization Fund, which was divided into two. The reserve had to protect against price fluctuations in the oil and gas market and was replenished by revenues derived from the sale of oil and gas at a cost higher than budgeted. And the NWF received voluntary pension savings of citizens and in its area of ??responsibility was the balance of the budget of the Pension Fund. For 10 years, times have changed. To have two Funds with different management were considered inexpedient, therefore they again merged. The task for the new unified fund has remained the same - if necessary, cover the budget deficit and the Pension Fund. All the proceeds from the sale of oil at a cost above $ 40 per barrel will come in there - this is the price that is budgeted. By the way, now oil is traded on world markets for $ 68 per barrel. Hence, the egg will be filled. But this also means that our economists will not get rid of the calculations for raw materials for a long time.

Источник: YTPO.ru