Tuesday, August 23, 2016

The indexing refuse – Lenta.ru

In January 2017, about 40 million pensioners will receive 5 thousand rubles. A lump sum is intended to replace a full indexing. It is planned to spend about 200 billion rubles, which are yet to be found. “To Lenta.ru” answer to the main questions relating to Russian pensioners welfare.

On Tuesday 23 August, the Government decided on a key social issue, which was discussed in the past few months. It is about increasing pensions in 2016.

Prime Minister Dmitry Medvedev said that instead of indexing the Russian pensioners will receive a lump sum payment.

Materials

00:03 16 August 2016

Its size – 5 thousand rubles. It will be transferred in January 2017.

«As a result of today’s discussion, I think the right to carry out indexing in the form of a lump sum payment,” – said the head of government.

In 2016 financial iz-za difficulties (for example, the growing budget deficit), the state has raised pensions only once and by 4 per cent. Inflation in 2015 when it reached 12.9 percent. Indexing is carried out twice a year, taking into account the rise in prices to the level of living of the population did not decrease.

The decision on the second year of indexation of pensions is constantly postponed. He promised to take in view of the economic situation.

So, the Deputy Minister of Economic Development Oleg Fomichev said in early June that the Russian budget for the second increase in pensions is simply no money. According to him, the issue of pensions will become clear when it is understood as going to the revenue side of the budget.

In the same month, the Prime Minister assured the Russians by all social obligations.

August 23 on the basis of a government meeting, Medvedev said that the government would postpone a difficult decision to favorable moment. “But in this case I stand on the position of principle – people need to talk honestly do not promise what we can not meet today, but to do what was promised path even in a slightly different form. That’s why we make today such a decision “, – he said (quoted by Tass)

The main argument for the use of lump sum payments -. Drop in living standards of the population. Prices are rising, life becomes more expensive. “It affected our citizens, particularly in the low-income people. And the people of the older generation, who live on a pension, is now especially difficult, “- said the Prime Minister

The Russians living on a pension, is now especially difficult, noted the government

Photo: Victor Korotaev /” Kommersant »

More 200 billion rubles. Thus, the payments will get about 40 million Russians.

The money in the budget for additional support for pensioners is not envisaged. Medvedev instructed the Finance Ministry to raise funds

«It is necessary to try to save the parameters of the budget for 2017 in order to prevent imbalances of the financial situation,” -. Said the head of the Cabinet

Earlier, on August 15. Vnesheconombank issued a forecast that wage indexation of the cost of state employees and pensioners pay for the budget for the years 2017-2020 will amount to 5.3 trillion rubles, including the federal budget – 3.5 trillion rubles

situation. budget really is not easy. Medvedev said that budget revenues in the first half to 11 percent below the planned figure. He admitted that in 2016 revenues could fall to 1.5 trillion rubles. “This is one of the possible negative options”, – said the Prime Minister

According to his estimates, the budget deficit in 2016 will exceed 3 percent of GDP, if the oil price will remain below the level of 50 dollars per barrel

The government has several options. Firstly, it is possible to increase the national debt. August 22, Minister of Economic Development Alexei Ulyukayev said that the budget deficit this year could be covered by increasing external borrowing

Second, the state can increase the fiscal burden on citizens -. tax increase in Russia is discussed quite actively . So, it is considering raising the personal income tax to 20 percent. Periodically made proposals to increase taxes for the rich.

Third, you can use the pension savings of Russians. They freeze for 2017 could save the budget about 400 billion rubles, according to the Ministry of Finance in March.

In addition, in itself a lump sum payment allows the government to save some money. “If we talk about the long term, it simplifies the task of the government. If indexing was performed, then, first of all, this amount would have been smeared, and secondly, the next indexation would have to spend to have a greater amount. And so – one-time payment, and then indexing will take place to ensure that nedoindeksirovali. This reduces the long-term basis to increase payments “, – he explained in an interview with” Lentoy.ru “Associate Professor, Department of Labour Economics Faculty of Moscow Anton Tabakh

In 2017, the government will hold a full indexing, promised Medvedev

Photo: Sergey Fadeichev / TASS

The government promises that in February 2017, indexation of pensions will be carried out in full and inflation for the year 2016 (the Bank of Russia predicts that prices will rise by 5-6 per cent). Full indexation will require more than 270 billion rubles, Medvedev said.

As it is the Ministry of Finance will find the 270 billion rubles, is unclear. But the July 11 Bank of America said that the government will not have enough money for all those who live at the expense of the treasury.

Materials

00:03 8 June 2016

To go to full indexation of pensions in 2017, the authorities will have to freeze public sector wages, allowed the American Financial Corporation.

«We believe that the indexing in the next year will cost 200 billion rubles in social spending”, – said the chief economist at Bank of America, Russia and CIS Vladimir Osakovsky. The government will have to go to freeze salaries in the budget-financed sectors, in order to avoid reduction of other expenditure items, such as health or education, predicted Osakovski.

«It’s like a Christmas bonus, as in Greece. The measure was introduced at a time, but as you know, there is nothing more permanent than temporary. Therefore, it is possible that next year the government wants to again pay a one-time bonus instead of indexing “- concluded Tabakh

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