The Federation Council supported raising the limit on social contributions to 100,000 rubles
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The Federation Council supports increasing the limit on social contributions from 50,000 rubles. up to 100,000 rub., stated Deputy Chairman of the Upper House of Parliament Nikolai Zhuravlev “Izvestia”.
The bill on social contributions for Russians with low incomes was introduced to the State Duma at the end of May. The terms of such banking products will provide for a guaranteed accrual of income in the amount of the interest rate linked to the key rate of the Central Bank. The maximum amount of funds on such deposits cannot exceed 50,000 rubles. These products, in accordance with the project, will be opened only in rubles and only in banks that have the right to attract funds from individuals as deposits and participate in the compulsory deposit insurance system.
Zhuravlev noted in a conversation with the newspaper that the yield on social deposits is planned to be set at 1 percentage point. higher than the key rate of the Central Bank, and one person can have only one such deposit. When the limit is increased to RUB 100,000. Bank expenses “will be insignificant,” and poor Russians will have an additional incentive to save money, the parliamentarian believes. The bill, according to Zhuravlev, could be adopted this fall.
A representative of the Central Bank told the publication that they allow changes to the main parameters of the bill when preparing it for the second reading.
How wrote previously Vedomosti, the main areas of budget spending in 2024 will be related to defense and social policy. Expenditures on social policy will amount to 7.6 trillion rubles. in 2025 and 7.8 trillion rubles. in 2026, compared to the parameters of the current three-year budget and budget forecast, this is 7 and 4% more. Spending on the national economy will be reduced to 3.3 trillion rubles. in 2025 and 2026
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