Debt to the Motherland

In 2017, the internal debt of Russia, expressed in stateboards, increased by 1 trillion 146.78 billion rubles or 18.8 percent. This was reported on the website of the Ministry of Finance.

As of January 1, 2018, the amount of internal amounted to 7 trillion 247.1 billion rubles. A year ago, 6 trillion 100.3 billion rubles were estimated.

The largest part, debt, 59.1 percent, falls on federal loan bonds (OFZ) with fixed income. Another 24.1 percent of OFZ with variable coupon income.

Last year, through the placement of government bonds, the Ministry of Finance attracted 1.75 trillion rubles to the Russian budget. Papers were repaid on the amount of assignment of papers by 632.9 billion. Last year, the ministry estimated the budget for serving the public debt at 527.6 billion. Thus, pure revenues to the federal budget for transactions with ruble stateboards in 2017 amounted to 595.9 billion rubles.

The internal public debt of Russia, expressed in securities, has been formed since 1993 and is constantly increasing. The last time a sharp jump occurred in 2015, when the debt grew from 4.4 to 5.5 billion rubles.

From January 1, a new federal budget has been in force in Russia. In it, the upper limit of state internal debt was laid in the amount of 10.5 trillion rubles. At the same time, budget revenues were planned in the amount of about 15.26 trillion rubles.

On January 10, the Ministry of Finance announced the liquidation of the reserve fund . In December 2017, the department noted, the entire capital of the fund stored in foreign exchange accounts in Sberbank - $ 7.62 billion, 6.71 billion euros and 1.1 billion pounds, that is, only 1 trillion of 420 million rubles, was used to cover the federal budget deficit.

Thus, now zero remains have been formed on the fund’s accounts. From February 1 of this year, he will formally cease to exist. At the same time, the agency referred to the law adopted in the summer on the unification of the reserve fund and the National Welfare Fund

The volume of the National Welfare Fund was also said in the message, as of January 1 of this year was equal to 3 trillions of 752.9 billion rubles, or 65 billion $ 150 million. In particular, $ 15.65 billion, 15.14 billion euros and 3.36 billion pounds from these funds are placed in Sberbank in Sberbank, and 222.47 billion rubles and 6.25 billion dollars on deposits in Vneseconobank.

In addition, the FNB funds are invested in debt obligations of foreign states, Russian securities, banking privileged shares, and are also placed on deposits in Vneshotorgbank and Gazprombank.