The government has proposed to increase the Pension Fund’s expenditure of almost 100 billion rubles

© RIA Novosti / Evgeny to Epanchintseva in fotobounce on the building of branch of the Pension Fund of the Russian Federation. Archival photoThe government has proposed to increase the Pension Fund’s expenditure of almost 100 billion rubles© RIA Novosti / Evgeny to Epanchintseva the image Bank

The government submitted to the state Duma a bill that would increase the costs of the Pension Fund for more than 92 billion rubles. The corresponding decree was published on the website of the Cabinet.

As stated in the explanatory Memorandum, the document provides for the adjustment of the main parameters of the budget of the FIU in 2018 taking into account the results of socio-economic development in 2017.

The government notes that by the end of last year, the Fund still has money, so this year from the Federal budget to the pension Fund will receive less money. The total expenditure of the Fund will increase to 8.53 trillion.

Earlier it was reported that the Cabinet approved the bill on amendments to the budget of the Pension Fund for the year 2018 and the planning period of 2019-2020.

The government has proposed to increase the Pension Fund’s expenditure of almost 100 billion rubles© Informatisation calculator

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