Date: 4 months ago   Category: Economy

Kudrin has expressed the need to estimate liquidity of assets of NWF — Rambler News Service


Kudrin has expressed the need to estimate liquidity of assets of NWF
Photo: globallookpress.com/Russian State Duma Photo Service Authorized bodies have to carry out assessment of liquidity of assets of National welfare fund after function of Reserve fund has passed to him, the head of the Audit Chamber Alexey Kudrin at a plenary session in the State Duma has said during the speech. "Function of Reserve fund has passed to National welfare fund. I want to pay your attention that now NWF – our main reserve therefore we have to look at a condition of assets of National welfare fund attentively. Earlier to them there were other requirements, and today they have to be in more liquid state therefore we need to carry out additional assessment of liquidity of this fund" — Kudrin has told. The head of Audit Chamber has reminded the audience that earlier the Reserve fund was called often a safety cushion. After transfer of function of NWF this fund has to be "the same highly liquid tool which at any time … allows to withdraw from him resources". According to Kudrin, only that tool which opens "at the right time" can be called a safety cushion. For this reason specialists of Audit Chamber will carefully watch a condition of assets of fund.

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