Additional expenses of the state budget of the Russian Federation on increasing benefits from mortgage loans will amount to approximately 1 trillion rubles in the period from 2024 to 2026. This was reported by the Ministry of Finance of Russia. RBC.
The relevant department emphasized that the country’s citizens should have the opportunity to improve their living conditions. Based on these considerations, the Russian leadership will take appropriate measures to support the population.
“In order for aid to help those who really need support, it needs to be transformed into a more targeted format that will increase the effectiveness of mass aid programs,” the statement said.
Ministry representatives added that they are monitoring the situation as the concessional loan market develops. We are talking not only about mortgages, but also about lending for other purposes.
In 2022, the Russian government extended the validity of preferential mortgage programs until July 1 of this year. At the same time, as stated in the agency’s material, family mortgages and concessional loans have the largest coverage at 8% for apartments in new buildings.
Previously Russian President Vladimir Putin supported Extending the concessional family mortgage to 6%.