The Central Bank predicts that a lump-sum payment of five thousand rubles to every Russian pensioner will lead to higher prices in stores.
photo: Gennady Cherkasov
The implementation of the government’s decision about lump sum payments to pensioners five thousand rubles in January 2017 will cost the state coffers 220 billion rubles, estimated by the Bank of Russia.
This growth in Federal spending will require additional spending from the Reserve Fund and national welfare Fund, or increase of budget revenues, says the Bulletin of the Central Bank “as evidenced by trends”.
One-time allowance, which the authorities decided to replace the second indexation of pensions, the acceleration of inflation in the first quarter of 2017 by 0.2 percentage points. The exact size of the increase depends on what exactly will be the source of funds required for payment, experts say.
The decision to replace the second indexation of pensions in 2016 one-time payment announced on 23 August 2016, Prime Minister Dmitry Medvedev. According to this decision, in January of 2017, all seniors will be assessed one time for 5 thousand rubles.
“Better, when these (economic — ed.) terms will be one-time payout when you can buy for the holiday, something else to do than to be smeared with a thin layer and do not feel in any way”, — explained the decision Medvedev at yesterday’s meeting with pensioners in Lipetsk.