Siluanov: if the retirement age will cost the budget in the first year to 250 billion rubles

LIMA, October 10. If the retirement age will cost the budget in the first year, 250 billion roubles, the second – 500 billion roubles of additional expenses for the Pension Fund. This was reported to journalists by the Minister of Finance of the Russian Federation Anton Siluanov.

“The first year, 250 billion roubles, the second – 500 billion roubles. This is not necessarily 2017 and 2018, it could be 2019 and 2020 of the Order of the numbers like this. We pursue a purely fiscal effect. It is a position that can already interfere with and impede the growth of the economy,” he said.

The Finance Ministry has consistently advocated raising the retirement age. While the government is prepared to take such a step only for the officials.

Frozen pension savings remains Unallocated

Frozen pension savings in the budget for 2016 will remain undistributed, said Anton Siluanov. Earlier, the government decided for the third year in a row to freeze the pension savings of citizens, which will amount to 342 billion roubles.

“We first proposed to reduce the funds deficit (budget). We agreed that these funds will remain Unallocated, next year some of these funds can be used to solve some urgent priorities”, – said the Minister

On doindeksatsii pensions

The possibility of doindeksatsii of pensions on 1 October 2016 in excess of 4% from February 1, will depend on additional incomes of the budget, said the Minister of Finance.

“The main target is the growth of additional incomes of the Federal budget, steady growth. And the forecast budget for 2017 from the point of view of a decision on indexation. Because to watch this question only one half of it is impossible. The main is if would be possible the Federal budget if the additional revenue, look at what they are and then rate the following periods and will make a decision”, – said Siluanov.

Earlier, the government has decided to index the pensions by 4% from 1 February next year, the possibility of additional indexing will depend on the capacity of the economy. The socialist government consistently insists on indexing the actual inflation rate, i.e. 12%.