Maternity capital for the first child will increase to 630.4 thousand rubles from February 1

From February 1, 2024, maternity capital will be indexed and amount to 630.4 thousand rubles. for the first child and 834 thousand rubles. – on the second, said the head of the Ministry of Labor Anton Kotyakov. At the birth of a second child, parents who received payment at the birth of the first are entitled to an additional payment in the amount of 202.6 thousand rubles.

“By order of the president, starting from 2022, maternity capital is annually indexed according to actual inflation. Taking this into account, from February 1, 2024, the amount of maternity capital for the first child will increase by 43.4 thousand rubles, and for the second child – by 57.4 thousand rubles,” said Mr. Kotyakov (quote from Telegram channel government).

According to the head of the Ministry of Labor, in 2023, Russian families most often used maternity capital funds to improve their living conditions. More than 677 thousand families took advantage of this opportunity. The second most popular area for spending maternity capital last year was the monthly payment for a child under three years of age (almost 415 thousand families received payments), the third was education (376 thousand families).

The state social program for the payment of maternity capital has been operating in Russia since 2007. Initially, it provided for the payment of money for the second, third or subsequent children born or adopted. From January 1, 2020, maternity capital is issued in Russia at the birth of the first child.

The size of maternity capital is indexed annually on February 1. From 2022, indexation takes into account the level of actual inflation for the previous year. In 2023, the size of maternal capital increased by 11.9%.

For more information on what you can spend maternity capital on, see material “Ъ”.

Milena Kostereva