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On NWF Management in 2020

Monitoring of Russia's Economic Outlook. Moscow. IEP. 2020, No. 6, pp. 13-14

2 Pages Posted: 24 Apr 2020

See all articles by Ilya Sokolov

Ilya Sokolov

Gaidar Institute for Economic Policy; Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Moscow Campus

Date Written: April 23, 2020

Abstract

Coronavirus pandemic, collapse of the OPEC+ deal and subsequent world crude oil plummet adversely affected the real oil and gas revenue of the federal budget in March 2020. The economy has slipped into recession, which can result in a reduction of oil and gas revenue for the federal budget. The issue of management of reserves accumulated in the National Wealth Fund (NWF) is being analyzed. The ideal allocation of the fund’s assets seems to be exclusively as a stabilizing mechanism for balancing the federal budget including both compensation for a shortfall in oil and gas revenue and for financing a bailout and stimulus package.

Keywords: Russian economy, national wealth fund, bailout, stimulus package, pandemic

JEL Classification: H61, H62, H63

Suggested Citation

Sokolov, Ilya, On NWF Management in 2020 (April 23, 2020). Monitoring of Russia's Economic Outlook. Moscow. IEP. 2020, No. 6, pp. 13-14, Available at SSRN: https://ssrn.com/abstract=3584038

Ilya Sokolov (Contact Author)

Gaidar Institute for Economic Policy ( email )

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Moscow Campus ( email )

Moscow, 119571
Russia

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