A senior Russian official outlined the 2024 maternity capital amounts tied to child birth, noting the first child would receive 631,000 rubles and the second child 834,000 rubles. Source: TASS. The minister explained that the size of the certificate would be adjusted to reflect actual inflation by the end of 2023. The budget includes a 7.5 percent indexation for maternity capital.
At the close of August, state lawmakers from the LDPR proposed raising the first-child payment to 756,700 rubles and the second-child payment to 1,000,000 rubles. The idea from Vitaly Milonov, who chairs the State Duma Committee on Family, Women and Children, is that maternity capital should grow each year, but conditions prevent reaching one million rubles in 2024 due to the current economic situation. Milonov emphasized the need for steady annual increases while acknowledging that a million rubles in 2024 would not be feasible. Source: TASS.
There is also a political note as the government moves forward with pension-related reforms, including a separate measure authorizing pensions to be delivered through the Russian Post. Source: TASS.