Putin’s social initiatives to spur economic growth, said.

© RIA Novosti / Vladimir Astapkovich in fotomancer of economic development of Russia Maxim Oreshkin. Archival photoPutin’s social initiatives to spur economic growth, said.© RIA Novosti / Vladimir Astapkovich the image Bank

Social initiatives voiced by Russian President Vladimir Putin on Tuesday should spur economic growth and employment in Russia, said the head of Ministry of economic development of Russia Maxim Oreshkin.

Putin on Tuesday announced a number of initiatives in the socio-demographic sphere. In particular, the President proposed to extend the program for payment of matkapital to the end of 2021, to start the special program of mortgage lending to families, which in 2018 is born second or third child. In addition, from January 2018, there will be a monthly payment on the birth of a firstborn son to one and a half years. As reported later, Deputy Prime Minister Olga Golodets, all of these measures for 2018-2020 will require about 500 billion rubles.

«The demographic situation is mathematically dependent on three stories: the fertility, mortality and migration. Those six points, who yesterday was announced by the President are those six items that will impact first and foremost on fertility. This program, which is dubbed, aims to ensure that in the coming years, the birth rate resumed its positive trend, began to increase,» said. the TV channel «Russia 24».

«It is very important that all of these items are designed in such a way as to give not only a positive effect from the point of view of fertility is, of course, the main task. But, in particular, to support economic growth, because it is a question of increasing the employment of young women, it is a question of poverty reduction, which also has a positive effect on economic growth. And the third indirect effect of the program associated with the mortgage — is to support the housing sector, construction materials sector», the Minister added.