Siluanov announced the decision to consolidate the national welfare Fund and Reserve Fund

Siluanov announced the decision to consolidate the national welfare Fund and Reserve Fund


Moscow. July 8. INTERFAX.RU – the Finance Ministry expects the decision to merge the national welfare Fund and the Reserve Fund will be made in the spring session of Parliament, before the end of July, said the Minister Anton Siluanov.

“We plan to take this decision in the spring session of Parliament,” – said Siluanov to reporters.

He added that the Finance Ministry proposes to merge the funds on the basis of the national welfare Fund.

The problem of unification of funds set by the Chairman of the Russian government.

“For better handling made the decision to join the Fund. On what basis will this be done? We propose to do this on the basis of the national welfare Fund, which serves, on the one hand, and as a source for stable operation of the pension system, the Pension Fund and for investments in infrastructure projects”, – said the Minister of Finance.

The Ministry of Finance, according to him, offers to solve the issue of investment, “setting the bar over which, if the Fund reaches this level, we can talk about investing”.

“In our view, this is 7% of GDP. These points we shall discuss in the government,” Siluanov said, noting that this working position of the Ministry of Finance and the final decision will be taken by the government.

Source