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Finance Ministry expects to fulfil plant on replenishing National Wealth Fund this year

Anton Siluanov noted that "most of the funds from the National Wealth Fund have been invested and will be allocated to key projects that ensure economic growth"

MOSCOW, April 3. /TASS/. The Finance Ministry expects that the plan to replenish the National Wealth Fund (NWF) in 2024 will be fulfilled, most of it will be used to finance investment projects, Finance Minister Anton Siluanov told reporters.

"We expect that we will fulfill those set levels of replenishment of the National Wealth Fund, which today is about 1.6 trillion rubles ($17.4 bln) in conditions of current estimates for this year. The three-year budget provides for replenishment of the National Wealth Fund, we have identified key investments from the National Wealth Fund," the minister said.

"The majority of the National Wealth Fund - a little less than 10 trillion rubles ($108 bln) - has either been invested or earmarked for those infrastructure projects for technological development that the Prime Minister spoke about today. Therefore, most of the funds from the National Wealth Fund have been invested and will be allocated to key projects that ensure economic growth," Siluanov said.

Earlier, the Finance Ministry reported that as of April 1, 2024, the volume of the National Wealth Fund amounted to 12.53 trillion rubles ($136 bln) (about 7% of Russia’s GDP forecast for 2024) against 12.26 trillion rubles ($133 bln) as of March 1. The volume of liquid assets of the National Wealth Fund as of April 1 amounted to 5.088 trillion rubles ($55 bln) (2.8% of the forecast GDP for 2024).

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