Putin signed laws on the execution of budgets of social funds for 2021

Russian President Vladimir Putin signed laws on the execution of the budgets of the Pension Fund of the Russian Federation (PFR), the Social Insurance Fund of the Russian Federation (FSS) and the Federal Compulsory Insurance Fund (FOMS) for 2021. The documents are published on the official portal of legal information.

The laws provide for the approval of reports on the execution of the budgets of these state non-budgetary funds for the past year.

According to the first law, PFR revenues in 2021 amounted to about 9.794 trillion rubles (7.5% of GDP), expenses – 10.125 trillion (7.7% of GDP). And the amount of budget allocations allocated for the fulfillment of public regulatory obligations amounted to 9.989 trillion rubles. Thus, the budget of the fund was executed with a deficit of about 331 billion rubles, to cover which the carry-over balances of its budget funds were allocated as of January 1, 2021.

The third law provides for the approval of the MHIF report for 2021 on income in the amount of 2.631 trillion rubles, which increased by 10% compared to the previous year, on expenses – 2.569 trillion, with an increase of 8.9% compared to 2020. The main source of income for the fund’s budget was insurance premiums for CHI, the share of which in the total volume of its income in 2021 amounted to 88%.