On NWF Management in 2020

Coronavirus pandemic, collapse of the OPEC+ deal and subsequent world crude oil plummet adversely affected the real oil and gas revenue of the federal budget in March 2020. The economy has slipped into recession, which can result in a reduction of oil and gas revenue for the federal budget. The issue of management of reserves accumulated in the National Wealth Fund (NWF) is being analyzed. The ideal allocation of the fund's assets seems to be exclusively as a stabilizing mechanism for balancing the federal budget including both compensation for a shortfall in oil and gas revenue and for financing a bailout and stimulus package