Page 50 - RusRPTJul21

4.4 Fixed investment
Russia -Fixed capital investment 2012 2013 2014 2015 2016 2017 Mar-2018
Investment (% of GDP)
24.3 22.9 22.0 21.4 22.5 23.5 15.3
GDP: Gross fixed investment capital formation (USD mn)
471,337 496,982 428,573 276,240 280,350 342,294 58,303
source: CEIC
Total investments were 2% higher in January-March than a year ago, after annual growth of 3.5% in January-March last year.
According to a senior official, the Russian government would spend up to 400bn rubles ($5.5bn) yearly from the country’s National Wealth Fund to expand public investment in infrastructure projects and fund its growth agenda. First Deputy Prime Minister Andrei Belousov told reporters at the St. Petersburg Economic Forum that the funds will be shared evenly between infrastructure improvements and money for a 1.2 trillion ruble government development agenda. As of May 1, the National Wealth Fund, which is intended to assist balance the pension system and store a portion of Russia’s oil export income, was valued $185.9bn, Reuters reports.
50 RUSSIA Country Report July 2021 www.intellinews.com