Russian Finance Minister Anton Siluanov at the session of the St. Petersburg International Economic Forum answered the question of whether the country has a plan in case of another external shock. Details are provided by Ramblem Finance.
According to the head of the department, Russia has already developed a kind of immunity and a certain antidote — because it "shies away" all the time.
Answering the question of the chairman of the State Duma Committee on the Budget Andrei Makarov about the safety margin, Siluanov recalled that it was for such cases that the National Welfare Fund was created. In favorable years it is replenished, and in difficult years it is spent.
Moreover, the National Welfare Fund was used not only to respond to risks, but also for infrastructure and technological development, which also contributed to the economy. Now, according to the minister, the situation is getting better, and reserves will be accumulated again.
EADaily also informed earlier — the Ministry of Finance told about the fate of the funds of the so-called "silent".
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