Allowance for poor families with children, the expansion of the program of the parent capital and expenses of regions for investment allowance for business will cost in 2020, 300 billion rubles., and with 2022 – 600 billion rubles, according to a review of economic development. The economy of these proposals will help to overcome the “trap of weak demand,” said the Ministry. Estimate additional costs of social offers Putin the first Deputy Prime Minister and Minister of Finance Anton Siluanov higher in 2020 will require an additional 400-450 billion roubles and next year much more (his words leads to “Interfax”).
to Expand benefits for poor families with children up to 7 years (now it get only families with children up to three years), to expand the program of the parent capital (to enter payments for the first child and increase the maternity capital for the second), and also to offset 2/3 of the cost of the regions for investment promotion in the message to Federal Assembly suggested that the President of Russia Vladimir Putin.
Measures will help to provide additional growth in real disposable incomes – by 1 percentage point in the second half of 2020 (and by 0.5 percentage points for the full year). According to the forecast of Ministry of economic development, in 2020, real incomes should grow by 1.5%.
Putin suggested measures for growth of birth rate, Maternity capital will be extended until 2026 and will be paid for the first child
this proposal will increase the income of 20% poorest households – on average by 10 PP in the second half of 2020, estimated by the Ministry of economic development.
Decline and poverty for the 1.3 p. p. (growth without the President’s proposals), and investment activity will grow by an additional 1 p. p.
All due to the new proposals of Putin’s GDP growth will increase by 0.3 percentage points to the current forecast (as it economy is expected to grow in 2020, 1.7%).
officials have long discussed how to support the rapidly impoverished population. In January – September 2019 real disposable income of people grew by only 0.8%. The last few years, people’s incomes fall – they declined for four consecutive years beginning in 2014 and for 2018 grew by only 1.1% (after conversion of the Federal state statistics service data by the new method).
a Key group of poor families with children up to 16 years, said Ranepa. This poverty should be reduced by half already by 2024 is one of the goals of the may decree of Putin. According to his proposals, the program of the parent capital will be continued until the end of 2026, the payment will be able to qualify families who have given birth to their first child (466 000 RUB.). And the birth of the second child the payment will be 150 000 to 616 000 rbl. taking into account the possibility after the birth of her third child to receive from the state 450 000 rbl. for repayment of the mortgage credit, young families the opportunity to spend on improving the housing conditions of more than 1 million rubles.
Also, the birth rate is planned to support monthly payments on care of children. Now they get families with children under the age of three years. According to Putin, from 1 January 2020 payment will be able to obtain families with children up to seven years, but the family income does not exceed the subsistence level per person. Payment in 2020 will amount to 5,500 rubles, and from 2021 – about 11 500 RUB per child. The exact amount will vary in every region depending on the subsistence minimum. The mechanism of acquisition should be as easy and simple enough to apply with the specified legal income, called Putin. Payments will be made from the Federal budget.
Families with children who have gone to school, Putin proposed to support by entering the free hot meal for all primary school students with 1 for 4 classes.
Another proposal will affect business – Putin suggested to compensate the regions from the Federal budget 2/3 of the expenses that the regions receive less because of their business investment tax deduction (according to it, companies can reduce the income tax on a portion of the cost of upgrading). This should encourage the regions to provide more frequent small and medium businesses this benefit.
