Monday, June 22, 2015

The government offered to take pensioners 2.5 trillion rubles – RBC

Deputy Prime Minister Olga Golodets

Photo: Yekaterina Kuzmina / RBC

Do not chase inflation

On Monday, at a meeting on the basic parameters of the budget, chaired by Prime Minister Dmitry Medvedev discussed the Finance Ministry proposal to reduce the indexation of pension payments for the next three years. Already this week, the government may decide on their fate, told RBC source of financial and economic block of the government.

As the materials for the meeting, which were at the disposal of RBC in 2016 proposed to reduce the level of indexation the planned three-year budget for the current 7% to 5.5%. In 2017, proposed to reduce the indexation of 4.5% (from 6.3%) and in 2018 – up to 4% (from 5,1%).

If the proposal is supported, as early as 2016 the budget will be able to save up to 510.1 billion rubles. In 2017, the amount of savings in the amount referred to 878.9 billion rubles. In 2018 the Ministry of Finance calculations economy already exceeds 1 trillion rubles.

The main savings are achieved by reducing the transfer of mandatory pension insurance – in 2016, 328.8 billion rubles. But the Finance Ministry proposed to cut other social expenditures indexed. The list indicated valorization (monetary revaluation of pension rights acquired before 1 January 2002), retired civil servants and military pensions. Indexing of lump-sum payments and public regulatory obligations in 2016 proposed to reduce the lower rate – up to 6,4%.

Manipulation pensions

These estimates has met criticism from the social block government. “The Ministry of Finance expressed some concerns about the fact that pensions are not indexed to inflation rate, – he said in an interview with RBC at the St. Petersburg Economic Forum last week, Labour Minister Maxim Topilin. – The legislation we have stipulated that pensions are indexed income of the Pension Fund, but no less than inflation over the past year … Today the economic situation has changed, if earlier practically all the previous years, the yield on the Pension Fund overtook inflation due to the fact that salaries have grown, today there. Is that mean you have to change the rules of the game? It seems to us that there is no ».

Because of this, Vice Premier Olga Golodets responsible in government for the social block, lifted last week, the topic of continuing the moratorium on the payment of the funded part of pensions for the following year. In an interview with RBC, she said that the point in this issue “is not supplied, because the Pension Fund would be balanced, if it were not for those exemptions, which, as we have agreed, are covered by the budget.” According to her, “in a complex budget, we face the question of where to take money for transfers to repay certain benefits».

From here and there was a discussion if we have enough money to transfer to index the level of inflation, let’s see what to do with “nakopilovkoy” says Topilin. “After all, when the Ministry of Finance and Economy Ministry proposes to keep the contributions to the NPF, we proceeded from the fact that it requires a transfer of 345 billion rubles. in the next year. Now, start to manipulate the indexation is not quite right with any political or economic point of view “, – he said.

The budget can not be reduced

Officials financial and economic bloc of the government insist that only by abandoning indexation of the cost and reducing conditionally approved expenditures, three-year budget can be balanced. According to calculations by the Ministry of Finance, presented at a meeting on Monday, if not to save, and to satisfy all requests of ministries and departments, budget expenditure in 2016 was 18.3 trillion rubles. This will lead to the fact that for the whole year will be wasted Reserve Fund, moreover, will miss 836 billion rubles.

Finance Minister Anton Siluanov during the discussion on the effectiveness of budget spending in the SPIEF said that the budget must stay three priority goals – education, health and infrastructure.

by the Ministry of Finance proposes August 1, 2015 issue proposed cuts by law. Until September 15, invited to prepare a bill to freeze until 2019 increased the fixed payments to insurance for old age pensions and disability to farmers, to the materials of the Ministry.

A spokesman for Prime Minister Natalya Timakova told RBC that Monday passed only the first governmental meeting on the draft of the new budget. According to her, “he listened with delight the financial unit – no decision has been taken.”

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