As of April 1, the National Welfare Fund has reached a total worth of 11.9 trillion rubles, equivalent to 7.9% of the projected GDP for 2023. In March, there was an increase of 799.66 billion rubles in the fund’s volume, as reported by the Ministry of Finance of Russia. The liquid assets of the National Welfare Fund on April 1 amounted to 6.712 trillion rubles or $87.07 billion. In March, 7.479 billion yuan and 11.863 tons of gold were sold for 137 billion 071 million rubles, which were credited to the single account of the federal budget to finance the deficit.
The growth of Sberbank shares is a significant factor that affected the fund’s volume, with NWF investments in the bank’s shares estimated at 2.42 trillion rubles by the end of March, compared to 1.92 trillion rubles in February. There are separate accounts for the funds of the National Welfare Fund in the Central Bank, with 10.399 billion euros, 292.589 billion yuan, 527.38 tons of gold in depersonalized form, and 140.7 million rubles.
Moreover, there are also deposits with VEB.RF worth 648.927 billion rubles, $3 billion in Eurobonds of Ukraine, 595.596 billion rubles in shares of Russian issuers, $2.082 billion in preferred shares of credit institutions worth 328.992 billion rubles, subordinated deposits in Gazprombank worth 38.434 billion rubles, ordinary shares of DOM.RF worth 50 billion rubles, and preferred shares of Russian Railways worth 467 billion rubles. The author of this content is Olesya Pavlenko.
By April 1, the size of the National Welfare Fund was 11.9 trillion rubles, which is 7.9% of the projected GDP for 2023. In March, the volume of the NWF increased by 799.66 billion rubles, reports press office Ministry of Finance of Russia.
The volume of liquid assets of the National Welfare Fund by April 1 amounted to the equivalent of 6.712 trillion rubles, or $87.07 billion. In March, 7.479 billion yuan and 11.863 tons of gold were sold for 137 billion 071 million rubles. These funds were credited to the single account of the federal budget to finance the deficit.
According to Interfax, an important factor for the dynamics of the fund’s volume was the growth of Sberbank shares. By the end of March, the volume of NWF investments in the bank’s shares was estimated at 2.42 trillion rubles. once morest 1.92 trillion rubles. in February.
On separate accounts for the accounting of funds of the National Welfare Fund in the Central Bank, there are 10.399 billion euros, 292.589 billion yuan, 527.38 tons of gold in depersonalized form and 140.7 million rubles.
There are 648.927 billion rubles on deposits with VEB.RF, $3 billion in Eurobonds of Ukraine, and 595.596 billion rubles in shares of Russian issuers. and $ 2.082 billion, in preferred shares of credit institutions – 328.992 billion rubles, in subordinated deposits in Gazprombank – 38.434 billion rubles, in ordinary shares of DOM.RF – 50 billion rubles, in preferred shares of Russian Railways – 467 billion rubles.
In conclusion, the National Welfare Fund of Russia continues to grow, with its size reaching 11.9 trillion rubles and its liquid assets totaling 6.712 trillion rubles by April 1. The recent sale of yuan and gold for over 137 billion rubles was used to finance the federal budget deficit. The growth of Sberbank shares is one of the key factors contributing to the increase in the fund’s volume. With investments in various assets, including shares of Russian issuers and preferred shares of credit institutions, the National Welfare Fund remains a significant contributor to the country’s economy.