The Ministry of Labor named more than 40 ways to cover the deficit of the Pension Fund and Social Insurance Fund

The Ministry of Labor named more than 40 ways to cover the deficit of the Pension Fund and Social Insurance Fund

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The Ministry of Labor named more than 40 ways to cover the deficit of the Pension Fund and Social Insurance Fund

The Ministry of Labor has developed lists of sources that can cover the deficit in the Pension Fund (PFR) and the Social Insurance Fund (FSS). The relevant documents are at the disposal of Izvestia.

In total, both lists included more than 40 sources of financing the deficit. Among them: a decrease in the volume of pension savings placed on deposits in banks, a decrease in financial assets owned by funds, sale of shares, exchange rate differences, a decrease in the balances of the financial reserve, and others.

The Ministry of Labor confirmed to Izvestia the fact of the development of documents and specified that the department had prepared four draft resolutions. In addition to the administrators of the sources of financing the deficit, the ministry proposes to approve the administrators of the incomes of the same structures.

“The main administrators of revenues / sources of budget deficits of state off-budget funds can be federal executive bodies, state corporations, public companies, the Central Bank of the Russian Federation, and governing bodies of the state off-budget fund. In the event of a deficit, the funds are compensated by the Reserve Fund, ”the ministry explained.

Read the full story in the exclusive Izvestia article:

Stock activity: the Ministry of Labor named more than 40 ways to cover the deficit of the Pension Fund and Social Insurance Fund