The Federation Council Committee supported the draft budget of the Social Fund for three years

Brief retelling from RIA II

The Federation Council Committee on Budget and Financial Markets supported the draft budget of the Social Fund of Russia for 2027 and for the planning period of 2028 and 2029.

MOSCOW, October 12 - RIA Novosti. At a meeting on Monday, the Federation Council Committee on Budget and Financial Markets supported the draft budget of the Pension and Social Insurance Fund of the Russian Federation (Social Fund of Russia) for 2027 and for the planning period of 2028 and 2029, reports a RIA Novosti correspondent.

The Russian government has submitted to the State Duma a draft budget for the SFR for 2027 and for the planning period of 2028 and 2029 with a surplus for all these three years, as follows from the State Duma database.

The fund's budget for income was formed for 2027 in the amount of 19.914 trillion rubles, for 2028 - 21.214 trillion, for 2029 - 22.518 trillion, for expenses - 19.883 trillion, 20.917 trillion and 22.162 trillion, respectively.

Thus, a budget surplus of the Social Fund is planned for all three years, which in 2027 will amount to about 31 billion rubles, increasing in 2028 to 297 billion, and in 2029 - to 356 billion.

As the Cabinet of Ministers explained earlier, the draft budget of the Social Fund takes into account the indexation of pensions and benefits. Insurance pensions will be increased twice in 2027: from February 1, 2027 by 6.8%, that is, according to the inflation rate for 2026; from April 1, the insurance part of the pension will be additionally increased by 3.3%. The average old-age pension at the end of 2027 will be 29,904 rubles.