This year we need to spend “more” funds of the national welfare Fund (NWF) on the background of the crisis, the head of the accounts chamber of Russia Alexei Kudrin. It is acceptable to spend a little more than half of the money, he said in the movie “a Dangerous virus. The economy is” on the channel “Russia 1″.”In General, these money can be used. But, of course, the government presumes that these funds have to be stretched over time, at least three years. I’m in speech, and in conversation with the President said that for this year you can not skimp on 2020, but when it will peak. Then you can more, maybe to take in the markets and thereby to help the budget, but this year the severity of the crisis is that you need a little more to spend from the Fund, if it is half or a little more than half — not terrible,” said Mr. Kudrin (quoted by TASS).The head of audit chamber added that the Fund could last for two years. “If enough of these funds for two years given the gravity of this crisis — not too scary, then the budget will safely be able to borrow more for a while. Consequences for the budget system will be stretched to two or three, maybe four years,” said Mr. Kudrin.Before the press Secretary of the President Dmitry Peskov said that it is very difficult to make any long-term economic forecasts, including resources. He commented on the Deutsche Bank forecast that liquid resources of the NWF can be exhausted in two years, if the price of Russian Urals oil will remain at $15 per barrel. In April, Finance Minister Anton Siluanov said that by the end of 2020 FNB will be reduced to 7 trillion rubles, but the Fund’s resources will be sufficient until 2024 at current oil prices. The head of Sberbank German Gref believes that the NWF will last for several years without compromising the budget.Read more about the costs of the NWF to 2022 read in the material “Kommersant” “Not more than a trillion”.
