OREANDA-NEWS Angelika Glazkova, a member of the State Duma Committee on State Construction and Legislation, suggested transferring part of the income from the export of minerals to Russians. The initiative is indicated in the relevant bill, which the deputy submitted to the lower house of parliament.

Glazkova proposed to create a Social Justice Fund that would distribute income among citizens. According to the document, the organization will start operating on January 1, 2026. The annual contribution to its capital will amount to at least 15 percent of the funds of the National Welfare Fund (NWF). Payments will be made every three months, and Russians with more than 15 years of work experience will be eligible.

According to the deputy, Russians will open accounts in banks where the controlling stake belongs to the state. The fund will be managed by the Chairman of the Management Board appointed by the President of the Russian Federation. The Fund's work will be monitored by the Supervisory Board. As an example, she cited the state of Alaska, where for about 50 years they have been transferring a quarter of oil revenues to the population.

The government called the initiative redundant: as an argument, they cited the current principles of the NWF, which is the guarantor of ensuring the pension rights of citizens. If you start distributing the fund's funds, it can quickly run out, which will reduce the budget's ability to respond promptly to negative internal and external factors, according to the response to the draft law.

According to the Ministry of Finance of the Russian Federation, as of November 1, 2024, the volume of the National Welfare Fund amounted to 12.73 trillion rubles. According to the ministry, the reserves in the national "pot" amounted to 6.6 percent of the projected GDP for 2024. During the month, the fund's liquid assets increased by 192 billion to 5.447 trillion rubles.

Vladimir Kolychev, Deputy Head of the Ministry of Finance of the Russian Federation, promised that the NWF funds would no longer be spent on providing additional budget expenditures. The accumulated balances of the federal budget will become a source of financing for such expenses.