Welfare

Welfare is a government program which provides financial aid to individuals or groups who cannot support themselves. Welfare programs are funded by taxpayers and allow people to cope with financial stress during rough periods of their lives. In most cases, people who use welfare will receive a biweekly or monthly payment. The goals of welfare vary, as it looks to promote the pursuance of work, education or, in some instances, a better standard of living.

Breaking Down 'Welfare'

The desired outcomes of people on welfare will depend primarily on the circumstances that caused them to apply for aid. A mentally or physically disabled person may not be expected to assume independence after a period of time, so welfare would provide ongoing aid to better their standard of living. A person lacking education, or who cannot currently provide for themselves, also might be provided welfare. In this case, the person would be expected to receive training or take steps towards financial independence. Ongoing welfare is not a desirable outcome for this individual according to those giving it.

National Welfare Fund (Russia)

One of two parts of the Russian sovereign wealth fund, the other being the Reserve Fund. The National Welfare Fund invests its funds abroad to counteract inflation in the Russian ruble. Combined, the Reserve Fund and National Welfare Fund make up one of the largest sovereign wealth funds in the country.

Breaking Down 'National Welfare Fund (Russia)'

The National Welfare Fund originated from the Stabilization Fund of the Russian Federation, which was established to help balance the Russian government's fiscal budget. In 2008, the fund was split into a Reserve Fund and the National Welfare Fund. The Reserve Fund is invested in conservative foreign investments and is used as a stabilization fund to balance the federal budget. The National Welfare Fund is invested more aggressively.

 

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Source: http://docphy.com/business-industry/personal-finance/insurance/welfare.html