Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

The Budget Deficit of the Pension Fund of Russia (PFR) will be Revised
May 7, 2018 11:10


 This year the budget deficit of the Pension Fund of Russia (PFR) will be revised from 106.6 billion roubles, which is stipulated by the current law on the budget of the Pension Fund, up to 256.8 billion roubles. RBC reported about it on Wednesday, April 25, with a reference to the amendments to the budget prepared by the Ministry of Labor.

The revenues of the PFR will decrease by 66.7 billion roubles, while expenditures will grow by 83.5 billion, as the agency noted. The growth of the deficit is associated with a decrease in the transfer of funds from the federal budget and an increase in the expenditures on payment of insurance pensions, as the fund explained.

According to the amendments made to the budget of the PFR, the expenditures on pensions and social benefits will increase by 171.4 billion. The volume of the transfer from the federal budget will decrease by 68.3 billion.

The coverage of the deficit in the distributive part of the fund’s budget, where old-age pensions are financed by insurance premiums of working citizens, will amount to 150.3 billion roubles. This amount will be provided by the money of the fund’s budget to be transferred.


Author: Anna Dorozhkina


Next Previous

You might also find interesting:

The EU And NATO Against Russia: How The West Will Respond To Moscow. The EU plans: New Sanctions. End of Decade: Public Sentiment in Russia Inclusion Of Dynasty Into the Register Of Foreign Agents Was Criticized Supply Of Products From the EU to Be Discussed Nadezhda Savchenko - Still Under Arrest

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Volgograd Region  Fair Russia party  WINZAVOD Centre for Contemporary Arts  Russian aviation  Russian Cinema  buy Russian designers  Russian tourism  St. Petersburg  Tourism Barents Summit  quantum science  Roman Abramovich  Yamal-Nenets Autonomous District   Russian media  Spacecrafts  Baikonur cosmodrome  Moscow Kremlin   Vladimir  Elbrus  Russian constructors  Navalny Brothers  Kurchatovsky Institute  Russian Music Instruments  collaboration  Russian regions  Sokolniki Park  Festivals in Moscow  culture  travel to Russia  ESRF  Russian politicians  FBK  Russian startups  Russian business  Theatre Festivals  Russian theatre  Film service  Moscow parks  Mercedes-Benz Fashion Week Russia  Russian universities  Uglich   Russian oil and gas industry   Stereotypes about Russia  Russia visa-free   Vimpelcom   Treasures  Ruzaevka  elections in Russia  Kazan Fifa Russia   Exhibitions in Moscow  Moscow 

Travel Blogs
Top Traveling Sites