Monday, February 13, 2023

Russia "War" Budget -- 2023 - 2025 -- Signed December 5, 2023

Trivia: Putin signed the "war" budget the day the December 5, 2022, sanctions went into effect. 

The Russian budget: https://www.osw.waw.pl/en/publikacje/analyses/2022-12-12/russias-war-budget-2023-2025. Archived. This is an incredibly bleak report / analysis. 

Russian National Wealth Fund -- Russia's sovereign wealth fund: wiki

Russia's sovereign wealth fund: wiki.

Previously reported:


Jan 18 (Reuters) - Russia's National Wealth Fund shrank to $148.4 billion as of Jan. 1, down $38.1 billion in a month, as the government took out cash to plug its budget deficit, data showed on Wednesday. The ministry said it had spent 2.41 trillion roubles ($35.1 billion) from the NWF, a rainy day fund that accumulates oil revenues, to cover the deficit in December. Along with heavy state borrowing at domestic debt auctions, the NWF - which was originally intended to support the pension system - has become the main source of financing for the budget deficit since Russia invaded Ukraine last year and was hit by waves of unprecedented Western sanctions.

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