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Sovereign Wealth Funds Briefing - Categorized | Financials

National welfare fund to be uncorked in 2014

Posted on 10 September 2013

The government will press ahead with plans to channel 450 billion rubles ($13.5 billion), or 40 percent of the National Welfare Fund, to large infrastructure projects starting from next year, but it is reluctant to allocate more, Finance Minister Anton Siluanov said Monday.
The Finance Ministry, which oversees the fund’s spending, is being bombarded with proposals to finance various investment projects, Siluanov said. “But we have always supported the idea that there should be a limited number of them — there are three” projects, the minister said, Interfax reported………………………………………..Full Article: Source


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