The Finance Ministry has proposed to terminate compensation for pre-reform savings by the end of 2016

Moscow. On 26 November. The Ministry of Finance proposes to complete the payment of compensation for pre-reform deposits of citizens in Sberbank and the Gosstrakh contributions in December 2016, in the government the corresponding draft law has been approved, said Deputy Finance Minister Alexei Moiseev.

“Yes, we shift a year. The government has agreed,” said Moses, answering the question about the changes to the previous proposal of the Ministry of Finance on the completion of payments 25 December 2015.

Earlier, in April, the source reported that the Ministry of Finance has developed a bill that, in particular, moves the date of completion of payments of compensation on deposits in Sberbank and the Gosstrakh contributions with the previously proposed 2020 December 25, 2015. The period up to 2020 was proposed in the Ministry of Finance in 2013, the bill providing for the payment of compensation of 4 times the size of the balance of deposits and contributions (deposits in the savings Bank of the RSFSR, which was in force until June 20, 1992, contributions to the Gosstrakh of RSFSR before 1 January 1992, as well as on securities of the USSR, located in the RSFSR before 1 January 1992). However, this document was never submitted to the Duma. In January 2015 the Finance Ministry presented the government with another version of the document “On implementation of obligations of the Russian Federation on savings of citizens of the Russian Federation”. Under this bill have fallen the same deposits, it also provides 4x the amount of compensation and termination of payment on 25 December 2020. The document was agreed with all interested ministries, except the Ministry of labor. State legal Directorate of the President in the opinion on the draft law referred to the need of the respective political decision before making it to the state Duma, in view of the high resonance problems.

After the Ministry of Finance has finalized the bill and in April introduced a new version, which moved the deadline of payments to December 25, 2015, at the same time changing and the amount of compensation – was offered to pay compensation to citizens prior to 1945 the birth of three times the amount of savings balances, from 1946 to 1991 – the double. This corresponds to the size of the payments, which currently are set by the budget law for the relevant financial period. Such payments were taken into account in the budget act for 2015.

In this version of the bill stipulated that the payments on deposits in Sberbank and the Gosstrakh contributions will depend on the retention period and determined using coefficients from 1 to 0.6. On deposits, closed since June 20 to December 31, 1991, payments to be made, not assumed.

As reported by Moses on Thursday, the state Duma next week may consider the first reading of the bill, once again suspending the law, according to which the government had to calculate a fair assessment of the set of consumer goods and ordered to repay the Soviet deposits, on the basis of this set. The law “On the basic cost of the necessary social set” was adopted in 1999, the development act, 1995 “About restoration and protection of savings of citizens of the Russian Federation”, which anticipated the renewal of all guaranteed savings of citizens in target debt obligations of the Russian Federation. In this case, the renewal had to be based on the level of the purchasing power of money in 1990-1991 with the use these goals to set weekly debt unit cost target value of the debt or the debt of the ruble, based on changing the ratio of control cost of the necessary social set and its underlying value. The basic cost and was determined by the 1999 act. This scheme was never implemented. The transfer of savings in debt would, according to the Finance Ministry, to an additional internal state debt in 2014 to 31.1 trillion rubles, in 2015 – to 32.5 trillion rubles, in 2016 – 33,97 trillion. The laws necessary to complete the process of transfer of savings of citizens in target debt obligations, were not accepted. The law on basic social value set annually been suspended since 2003, while the amount of compensation established by the law on the budget for the next year.

“The government always proceeded from the position that it (the payment of such amounts of compensation – approx. Interfax-AFI) is impossible. (…). So we say that every year we paid from the budget, the possibility of next year’s budget, we estimate in the region of 8 billion rubles”, – said Moiseev journalists. This amount, according to him, allows to achieve a compensation ratio of 3 citizens who were born before 1946, and 2 – for citizens who were born between 1946 and 1991. Another pause prolongs the current regime, under which the 8 billion a year in compensation.

Agreed by the government the draft law on the establishment of the completion date of the payment of compensation to 25 December 2016, the issue of payments is resolved, said Moiseev.

“Given the fact that Russia has already paid more than most of the other countries of the former USSR, we offer to settle by recognizing those commitments fulfilled. The deposits in the former Sberbank of the USSR, the Gosstrakh policyholders in the USSR and on the bonds of 1982”, he said.

Payment on savings in the savings Bank are paid since 1996 for contributions to the state insurance since 2001. For the first time a one-time revaluation of funds of the population in the savings Bank was conducted in 1991 by increasing 40% the balance of deposits as of 1 March 1991. In 1994, the Bank accrued compensation in the triple size of the balances at January 1, 1992. Besides, in 1992-1996 on term deposits prevailing on 20 June 1991, the Bank had accrued interest in the amount of 25-120%.

From 1996 to 2014 from the budget of the Russian Federation on compensation was spent 482,4 billion rubles, of which 468,2 billion roubles, on deposits in Sberbank, 13.9 billion roubles – on contributions to state insurance, 400 million rubles – purchase of securities of the USSR.

Payments on savings in 2010 amounted to 112.5 billion in 2011 and 20.6 billion rubles, in 2012 – to 11.9 billion roubles, in 2013 – 9.2 billion rubles, in 2014 – 7.8 billion rubles.