The Ministry of Labor proposed to extend the maternity capital program until 2024. The preparation of the relevant proposals was included in the schedule of strategic planning activities of the Ministry of Labor. The proposals will be prepared by the third quarter of 2019.
The idea is being considered as part of the federal project “Financial Support for Families at the Birth of Children”, which is designed until 2024. If the program is extended, the money for the payment must be included in the budget for 2024-2027.
The Expert Council under the Government of the Russian Federation calculated that due to the demographic gap of the 90s, the number of women applying for maternity capital in the coming years can be reduced by 30 percent. Experts suggest using the released funds to increase the amount of payments or to introduce capital for a third child.
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