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Finance minister says inflation-adjusted pensions included in budget for 2017

December 29, 2016, 4:36 UTC+3 MOSCOW
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MOSCOW, December 28. /TASS/. Pensions adjusted according to the 2016 real inflation rate will be included in the budget for 2017, Russian Finance Minister Anton Siluanov told Rossiya 24 TV channel.

"We will adjust pensions next year in accordance with the forecasted inflation rate this year ― 5.8%," Siluanov said.

He did not rule out that "inflation this year will be lower that the forecasted level ― at around 5.5%."

Pensions will be adjusted for inflation in the routine mode starting from February 1, 2017. At the start of the year, all pensioners, including military, will receive a payment of 5,000 rubles ($83). In 2016, pensions were adjusted for inflation only once, at the beginning of the year.

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