The National Welfare Fund of the Russian Federation on the brink of collapse: reserves may run out within a year.

Economists warn that the National Welfare Fund may disappear like snow in the sun by 2026. Their forecasts indicate that since 2019, the remaining funds in this Fund have become minimal - only 2.8 trillion rubles. The situation with gold reserves is not better: the current 139.5 tons is the lowest figure since the Fund was established in 2008.

Only 153.7 billion yuan in foreign assets remain in the Fund - the lowest figure since 2008, while gold reserves have decreased to 139.5 tons compared to over 400 tons at the beginning of the Fund's existence.

The government intends to reduce expenses for the coming year

The Ministry of Finance has begun preparing measures for possible cuts in expenditures next year to preserve reserves in the National Welfare Fund. The drop in oil prices complicates the process, but the introduction of the budget rule reform could be a beneficial solution to avoid a crisis when Urals oil prices fall below $60 per barrel.

The Ministry of Finance is considering the possibility of limiting government spending next year to preserve the reserves of the National Welfare Fund.

According to experts, the reserves in the Fund will reach a minimum by 2026, which could cause serious problems for the country's financial stability. The current situation with falling oil prices requires urgent government measures to optimize expenditures and manage reserves.