Russian President Vladimir Putin said authorities expect citizens to withdraw at least 250 billion rubles in the first year of the long-term savings program. His words were quoted by TASS.
“We expect to raise funds for projects with long payback periods, such as infrastructure construction, logistics corridors, terminals and other large-scale long-term projects. This figure is not very large for the country, but we need to start somewhere,” stressed the head of state, VTB “Russia is Calling!” in his speech at the forum.
On September 2, First Deputy Governor of the Central Bank of the Russian Federation Vladimir Chistyukhin admitted that Russians are not interested in long-term savings. According to Chistyukhin, citizens need to be gently encouraged towards long-term savings. As an option, at least promise that the interests of corporate employees will be protected. In addition, the first deputy governor of the Central Bank said that interest in the program will increase if banks or pension funds that become intermediaries of the system offer super attractive conditions.
On July 10 this year, Putin signed a law launching a new long-term savings program for citizens. It starts on January 1, 2024. You can join the program from the age of 18. Everyone has to make a special arrangement with a non-state pension fund and then pay savings contributions. The state will provide co-financing of the program at certain rates. Payments under the agreement can be made not only for yourself, but also for the benefit of others.
More details material “Newspapers.Ru”.
Putin before instructed Make long-term savings program useful.