In a cabinet gathering, the Russian Prime Minister outlined a new wave of financial support aimed at families with three or more children who are paying off mortgages. The plan increases the government’s backing by more than 17 billion rubles, a move intended to ease housing costs for a substantial segment of large families. The announcement reflects a continued push to bolster living standards and reduce the financial strain associated with home ownership for families expanding through childbirth, aligning with long-standing social policy goals to support demographic growth. The figures come from a formal briefing reported by TASS, detailing the scope and purpose of the new funding.
The Prime Minister stated that the government would allocate over 17 billion rubles to assist roughly 38,000 families. This targeted support is designed to complement existing measures and expand relief where it is most needed, with the expectation that the aid will enable eligible households to manage mortgage obligations more effectively while pursuing long-term financial stability. The emphasis lies on translating policy commitments into tangible, ongoing assistance for ordinary citizens facing mortgage payments.
In the cabinet’s 2023 agenda, the authorities already earmarked about 76 billion rubles toward similar objectives. This continued investment signals a persistent priority for social protection programs that aim to reduce the cost burden on families with multiple children, ensuring that financial barriers do not hinder parental decisions or upend household budgeting. The ongoing funding reflects a broader strategy to maintain steady support for those navigating the housing market under demographic policy considerations.
The Prime Minister added that the government will persist in taking actions to improve living conditions for citizens. This ongoing commitment encompasses a range of measures designed to enhance household welfare, stabilize family finances, and provide a more secure backdrop for raising children in the context of shifting economic conditions. The statement underscores a proactive approach to social policy, prioritizing practical relief that translates into better everyday life for families across the country.
According to the Prime Minister, the aid program applies to families where the third or subsequent child was born after January 1, 2019. This eligibility rule targets households expanding their families within a recent time frame, ensuring that the support reaches households at a stage when mortgage pressures are most acute. The policy is framed to respond to changing family dynamics and to sustain a sense of financial predictability for home financing amid demographic shifts.
It was noted that if eligible families decide to take out a new mortgage loan, they may receive payments of up to 450,000 rubles. This level of support is intended to provide meaningful relief at a key moment of loan initiation or renewal, helping to reduce monthly payments, ease budget planning, and encourage continued investment in housing for growing families. The measure is presented as a practical mechanism to turn policy promises into real, measurable assistance for households.
Svetlana Bessarab, a former member of the State Duma Committee on Labor, Social Policy and Veterans Affairs, indicated that authorities may permit Russian families to use maternity capital for vehicle purchases. This suggestion points to a flexible interpretation of maternity subsidies, expanding the potential uses of maternity capital to cover essential family needs beyond housing, including transportation, which can affect daily mobility and access to employment and services. The remark reflects ongoing discussions about how best to deploy, and repurpose, social funds to maximize household welfare.
Previously, discussions in the State Duma proposed allowing large families to reuse their tax breaks. Those proposals would enable multiple generations or newly formed households to benefit from tax provisions across different stages of family life, potentially enhancing overall financial resilience. The dialogue signals legislative interest in broadening the scope of existing incentives to support families with children as demographic and economic conditions evolve.