GENERICO.ruЭкономикаEconomic passport: what is promised to Ukrainian children

Economic passport: what is promised to Ukrainian children

Ukrainians born after January 1, 2019 will participate in the Future Generations Fund.

< p> At the end of last year, President Volodymyr Zelenskyy announced the introduction of & # 171; economic passport & # 187 ;. Such a document will allow Ukrainians to pay for their studies, purchase of housing or treatment from a special personal account. Funds on it will be accumulated through annual contributions from the state, Chronicle.info reports with reference to RBC-Ukraine.

What is an economic passport

An economic passport is a system of money savings that can be used by everyone born in Children in Ukraine after reaching the age of majority.

The main subject of the economic passport is the Future Generations Fund. The state will contribute to the accounts of its participants every year in the amount of two minimum wages.

The mechanism of the economic passport is set out in the bill that President Zelensky introduced to parliament on December 6, 2021.

Who and when will receive an economic passport

According to the draft law, Ukrainians born & nbsp; after January 1, 2019 … State contributions to their personal accounts will be made until the age of 18.

Thus, the first payments from the Fund, Ukrainians & nbsp; will begin to receive from 2037.

Conditions for receiving

It will be possible to use the savings if the following criteria are met:

  • the presence of Ukrainian citizenship and reaching the age of majority;
  • continuous residence in the territory of Ukraine for the last 5 years.

To do this, a member of the Fund or his representative should submit an application and all supporting documents to the administrator of the Fund.

In the presence of serious illnesses, it is possible to receive payments up to 18 years.

What can you spend money on

& # 8212; & nbsp; training & nbsp; in educational institutions of Ukraine (professional, vocational, higher education);

& # 8212; purchase of your own & nbsp; housing & nbsp; in Ukraine;

& # 8212; & nbsp; treatment & nbsp; serious illnesses (cancer, myocardial infarction, stroke, coronary artery bypass grafting, renal failure, vital organ transplantation and other critical illnesses or health conditions determined by the medical advisory committee);

& # 8212; transfer of funds to a personal account in the non-state & nbsp; pension system.

Economic passport for pensioners

In the future, the economic passport program in Ukraine may be expanded to include pensioners.

The head of the faction & # 171; Servant of the people & # 187; David Arahamia said that people over 70-80 years old need to have a basic income, since this category of citizens does not have the possibility of additional earnings.

Source of funds

The draft law on the economic passport provides that the Fund for Future Generations will accumulate state contributions in favor of its participants with the subsequent investment of assets and making payments.

The assets of the children-participants of the Fund will include contributions from the budget received & nbsp; from the payment of rent for the use of subsoil for the extraction of minerals.

Also, the source of the formation of the Fund will be investment income from the placement and investment of funds of its participants.

The amount of the annual state contribution & # 8212; & nbsp; 2 minimum wages , the amount of which is set at the beginning of the year when the contribution is made. Payments to a personal account are made in UAH.

Regarding the total amount of savings, the head of the faction & # 171; Servant of the People & # 187; David Arakhamia said that if the situation is favorable, Ukrainians will be able to get up to 20 thousand dollars for economic passports.

President's initiative

On December 1, Volodymyr Zelenskyy, during his message to the Verkhovna Rada, announced the introduction of a bill on the economic passport of a Ukrainian. In this draft law, the President proposed to direct funds from the use of Ukrainian mineral resources for the education of children.

& # 171; After reaching adulthood, our children will be able to use this money to get an education in Ukraine or buy their own home in Ukraine. Thanks to these laws, our oligarchs will become real investors in the future of our children & # 187; & # 8212; Zelensky noted.

Earlier it was reported that on December 6, 2021, the bill & # 171; On the economic passport & # 187; under No. 6394 entered the parliament. Also for consideration by the Verkhovna Rada, bills have been submitted, which propose to regulate the issues of state contributions to the economic passport system, and the exemption of these funds from taxation.

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