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The head of state signed the law “On the budget of the state non-budgetary fund for social protection of the population of the Republic of Belarus for 2022”. The budget was formed with a surplus of Br347.1 million from professional pension insurance, BelTA learned from the Ministry of Labor and Social Protection.
The revenue side of the fund’s budget will amount to Br21.4 billion. The growth rate in relation to the expected performance of the current year is 109.5%.
“The main source of income for the fund’s budget will be contributions to state social insurance, which account for about 90%, or Br19.4 billion, including Br228 million – contributions to professional pension insurance,” the Ministry of Labor and Social Protection noted. Subsidies in the amount of Br1.7 billion will be allocated (including Br423.8 million, or 2% of the total revenues to balance the budget). ”
The expenditure side of the fund’s budget is planned in the amount of Br21.1 billion, the growth rate by 2021 is 109.6%.
The main part of the fund’s budget in 2022 – about 76% – is planned to be used to finance pensions (including expenses for their payment), and this is Br16.1 billion.
Funding for payments of all types of benefits will amount to Br4.7 billion, including Br2.7 billion for the payment of benefits to families raising children.