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The Ministry of Labor proposed to allocate 1,5 trillion for the payment of capital
The Russian Ministry of Labor has proposed allocating more than 1,5 trillion rubles for the provision of maternity capital in 2020-2022. Money is needed to expand the program for the first child and increase the size of payments for the second.
As noted in project amendments to the law “On the budget of the Pension Fund of the Russian Federation for 2020 and for the planning period 2021 and 2022”, initially over 945 billion rubles were pledged to pay the capital for three years, but after the innovations it was necessary to increase the amount to 428 billion rubles in 2020, 522 billion rubles in 2021 and 582 billion rubles in 2022.
In a message to the Federal Assembly, Vladimir Putin announced the prospects for extending the capital program at least until the end of 2026, as well as its distribution at birth first child and increase payouts when the second appears.