Russian Finance Ministry: National Wealth Fund will be exhausted by the end of 2019
The National Wealth Fund (NWF) will be reduced to 500 billion rubles by the end of 2019, the Russian Minister of Finance, Anton Siluanov, stated at the Sochi-2016 forum,” TASS reported.
“The total of all reserves, the NWF and the Reserve Fund, will only contain 500 billion rubles at the end of the three-year plan. These 500 billion rubles will remain in the NWF,” the Minister said.
He also noted that it is necessary to be careful with NWF spending on new projects.
“At a time when we are spending reserves, the NWF will be used to patch holes in the budget in accordance with the three-year plan,” Siluanov stressed.
Earlier it was reported that the Reserve Fund would be exhausted in 2017.