Economic message to Russia. What will billions of rubles be used for?

On Thursday, February 29, in his annual message to the Federal Assembly, President Vladimir Putin spoke about which areas in the country’s economy and social policy will receive funding and which existing mechanisms will be improved. Finance Mail.ru figured out what would happen next with maternity capital and family support, and why several new national projects would be launched in the country at once: “Family”, “Youth of Russia”, “Personnel”, “Long and Active Life”, “Data Economy” .

Poverty

In his message, Vladimir Putin called on the government to place special emphasis on efforts to reduce poverty in large families.

The number of Russians living below the poverty line at the end of last 2023 decreased to 13.5 million people, this is more than 9% of the Russian population. Russian President Vladimir Putin stated this during his address to the Federal Assembly .

He noted that this number is very large. It is necessary that by 2030 the poverty problem should be reduced below 7%. The goal for large families is to reduce poverty by half; currently this figure is at around 30%.

There are more than two million families in Russia with more than two or three children. This is pride for the country, Putin noted.

Extension until 2030

The President proposed extending several social programs currently operating in the country until 2030 .

— a repayment program for a housing loan of 450 thousand rubles at the birth of a third child.

- maternal capital program.

— family mortgage program.

He also called for increasing tax deductions for the birth of a second and third child. For large families, the deduction will be: 1,400 rubles for the first child, 2,800 for the second, 6,000 for the third and subsequent ones.

Minimum wage

He also called for increasing the minimum wage (SMW) in the country . By 2030, the president believes, this figure should almost double - to 35 thousand rubles.

Following the minimum wage, not only other types of wages will increase, but also social benefits, the president noted.

Investment climate

During the President's address to the Federal Assembly, new insurance guarantees and a tax deduction for citizens' investments in the stock market were also announced.

The President stated that new insurance guarantees for savings and tax deductions for citizens’ investments in the stock market will be introduced in Russia.

He proposed launching irrevocable savings certificates. They will be valid for more than three years.

At the same time, I think it is necessary to launch a new instrument - a savings certificate; citizens will be able to place their savings in banks for a long period of more than three years. The certificate will be irrevocable, which means banks will be able to offer customers higher favorable interest income.

Vladimir Putin

President of Russia

“It is important that citizens have the opportunity to reliably invest their savings in the development of the country and receive additional income. A decision has already been made: voluntary savings in non-state pension funds in the amount of up to 2 million 800 thousand rubles. will be insured by the state. That is, their return is guaranteed. In addition, long-term individual investment accounts will be insured in the amount of up to 1 million 400 thousand rubles. For citizens' investments in long-term financial instruments in the amount of up to 400 thousand rubles. We will distribute a single tax deduction per year,” he concluded.