The Federation Council approved the budget of the Pension Fund of Russia in 2016

The Federation Council approved the budget of the Pension Fund of Russia in 2016


Revenues for 2016 are estimated to total 7,529 trillion rubles. The expenses of the FIU in 2016 are envisaged in the amount 7,704 trillion rubles.

MOSCOW, 9 Dec. The Federation Council on Wednesday approved the budget of the Pension Fund of Russia (PFR) for 2016.

The budget of the FIU is formed with a deficit in the amount of 175,1 billion roubles. Revenues for 2016 are estimated to total 7,529 trillion roubles (9.7% of the GDP), of which 7,422 trillion rubles in the parts not associated with the formation of funds for financing funded pension.

The expenses of the FIU in 2016 are envisaged in the amount 7,704 trillion rubles (9.8% of the GDP), of which 7,422 trillion rubles in the parts not associated with the formation of funds for financing funded pension. The average size of the insurance pension will be 12,6 thousand roubles, insurance old-age pension — 13,1 thousand roubles, pension — 670 rubles, social pension — 8,5 thousand roubles. According to the document, in the budget of the FIU laid the cost of indexation since February 1, 2016 insurance pensions, pensioners at 4%. Indexation of fixed payments to insurance pensions in 2016 will be made as from 1 February to 4%.

The deficit of the budget of the Federal mandatory health insurance Fund (MHIF) in 2016 will account for 26.7 billion. The income provided in the amount of 1,662 trillion rubles (2015 budget — 1,62 trillion rubles), expenses — 1 trillion 688,5 billion (2015 budget 1,663 trillion rubles).

The budget of the social insurance Fund (SIF) for next year generated income in the amount of 614,5 billion rubles (0,78% of GDP), expenditure — 648 billion rubles (0,82% of GDP), deficit of 33.5 billion rubles. Mandatory social insurance against temporary disability and maternity social insurance Fund budget generated a deficit in the amount of 45.5 billion roubles, against accidents on manufacture and occupational diseases — with a surplus of 12 billion rubles.

The amount of the allowance at the birth of a child up to 15.4 thousand rubles, monthly allowance to care for first child — 2,9 thousand rubles, and for second and subsequent children before achievement of age of 1,5 years working citizens — 5,8 thousand rubles. Limit the monthly benefit for pregnancy and maternity would amount to 53,9 thousand.