Proposing an increase in Maternity Capital benefits if a second child is born within a span of 3 years, in Russia
In a recent development, Russia is set to modernize its maternity capital system and family mortgage system, as announced by Deputy Prime Minister, whose identity was not specified in the report.
The current maternity capital programme, which was initiated in 2007, has been instrumental in providing support to 14.8 million children. Under the programme, maternity capital certificates are issued proactively upon birth registration, without any application from the mother. These certificates can be accessed through a personal account on the public services portal. This proactive issuance is expected to benefit approximately 4.2 million families raising around 10 million children in 2026, offering significant financial assistance to families with multiple children.
Regarding the family mortgage modernization, the Deputy Prime Minister highlighted ongoing development of a tax deduction program for families with two or more children. This is part of a broader national effort targeting large families, aiming to enhance demographic support measures, including financial and housing incentives.
The proposed changes to the maternity capital system involve continuing and expanding support under the national Family project. However, the specifics of the family mortgage modernization plan are not detailed in the article.
Interestingly, there is a proposal to increase the size of the maternity capital for families who have a second child within three years of the first. Currently, the payment size for the third child in Russia stands at 450,000 rubles. It is suggested that the payment size for the third child should be adjusted to account for inflation.
Sergei Ryabalkin, chairman of the Public Chamber's commission on demographics, family protection, children, and traditional family values, believes that the main part of the maternity capital being paid out upon the birth of the first child reduces the incentive for families to have more children.
It is worth noting that the article does not provide information on whether the proposal to modernize the family mortgage system is new or a continuation of the earlier proposal to increase maternity capital. Additionally, no mention is made of any potential impact the proposed adjustments might have on the Russian economy or demographic trends.
The article does not indicate whether the proposal to adjust the payment for the third child and modernize the family mortgage system has been approved or is still under consideration.
- The announcement by the unnamed Deputy Prime Minister about modernizing Russia's maternity capital system and family mortgage system is amidst a broader national effort in policy-and-legislation, aimed at enhancing demographic support measures, including financial and housing incentives, in politics.
- General-news reports suggest that the proposed changes in the maternity capital system, such as the potential increase in size for the maternity capital for families who have a second child within three years of the first, and the modernization of the family mortgage system, are still under consideration in the realm of policy-and-legislation.
