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Difference between revisions of "Obnalichivanie (Russia)"
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Obnalichivanie (Russia) (view source)
Revision as of 10:54, 30 September 2020
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Initially the sum provided by the state was 250,000 roubles (equivalent to about $11,000 at that time). The value of certificates has increased steadily to take account of inflation, reaching 466,617 roubles from 1 January 2020 ($7,600 approximately). On 15 January 2020, Putin announced an extension of the programme to include first children and an increase for the second child to 616,617 roubles ($10,000). | Initially the sum provided by the state was 250,000 roubles (equivalent to about $11,000 at that time). The value of certificates has increased steadily to take account of inflation, reaching 466,617 roubles from 1 January 2020 ($7,600 approximately). On 15 January 2020, Putin announced an extension of the programme to include first children and an increase for the second child to 616,617 roubles ($10,000). | ||
[[File:Obnalichivanie1.jpg|thumb|450px|left|A tear-off flyer in the Kurgan Oblast with the words: 'I will help you cash in your maternity capital. Get in touch right now'. Source: [https://pravdaurfo.ru/articles/161061-materinskiy-kapital-propal-v-zabroshennyh-domah Pravda Urfo]. | [[File:Obnalichivanie1.jpg|thumb|450px|left|A tear-off flyer in the Kurgan Oblast with the words: 'I will help you cash in your maternity capital. Get in touch right now'. Source: [https://pravdaurfo.ru/articles/161061-materinskiy-kapital-propal-v-zabroshennyh-domah Pravda Urfo]. [https://creativecommons.org/publicdomain/zero/1.0/ CC0].]] | ||
The share of federal funds attributed to this benefit has been substantial, even before the 2020 increases. The scheme is administered by the Pension Fund of Russia (PFR), which stated in its latest Annual Report that 8.3 million certificates were issued and just over 2 trillion roubles dispersed between 2007 and 2017 (Pension Fund of the Russian Federation Annual Report 2017). Nearly 4 million of those certificates are still unused, most likely due to the impractical terms of use. In 2017 the amount paid out was 311.8 billion roubles, amounting to 1.9 per cent of total federal expenditure. | The share of federal funds attributed to this benefit has been substantial, even before the 2020 increases. The scheme is administered by the Pension Fund of Russia (PFR), which stated in its latest Annual Report that 8.3 million certificates were issued and just over 2 trillion roubles dispersed between 2007 and 2017 (Pension Fund of the Russian Federation Annual Report 2017). Nearly 4 million of those certificates are still unused, most likely due to the impractical terms of use. In 2017 the amount paid out was 311.8 billion roubles, amounting to 1.9 per cent of total federal expenditure. | ||