The State Duma Approved the Budget of the Pension Fund for 2019-2021
OREANDA-NEWS The State Duma adopted the law on the budget of the Pension Fund of Russia (PFRF) for 2019-2021, which provides for the approval of its parameters.
Thus, the Fund's revenues in 2019 are provided by the law in the amount of 8,613 trillion rubles (8.1% of GDP), of which 8,587 trillion rubles in part not related to the formation of funds for the financing of the funded pension, for 2020 — 8,995 trillion and 8,949 trillion rubles, respectively, for 2021 — 9,294 trillion and 9,246 trillion rubles.
Expenses of the PFRF for 2019 are provided in the amount of 8,636 trillion rubles (8.2% of GDP), of which 8,569 trillion rubles in the part not related to the formation of funds for the financing of the funded pension, for 2020 — 9,017 trillion and 8,949 trillion rubles, respectively, for 2021 — 9,328 trillion and 9,246 trillion rubles. Thus, the Fund generated a deficit for the year 2019 in the amount of 23.2 billion rubles in 2020, 21.9 billion rubles, 2021 to 33.8 billion rubles.
The Fund's revenues take into account funds from the sale of confiscated property in the fight against corruption, and the cumulative component remains frozen tariff until 2021, explained earlier the Chairman of the Board of the PFRF Anton Drozdov. And in the expenditure part, according to him, all decisions aimed at improving the pension legislation are taken into account.
Inter-budget transfers received from the Federal budget were determined in 2019 in the amount of 3,319 trillion rubles, in 2020 — 3,414 trillion rubles, in 2021 — 3,309 trillion rubles.
The insurance pension and its fixed payment will be indexed from January 1, 2019 by 7.05%, from 2020 — by 6.6%, from 2021 — by 6.3%. Since April 1, 2019, social pensions and state pensions are subject to indexation by 2.4%, in 2020 — by 3.9%, in 2021 — by 2.7%. In addition, the annual increase in the size of the insurance old-age pension for non-working pensioners by 1 thousand rubles is envisaged.