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MOSCOW, September 22 Social payments in Russia in 2024-2026 will be indexed by actual inflation, said Minister of Economic Development Maxim Reshetnikov.
In Friday at a government meeting, the minister presented the main parameters of the socio-economic development forecast for 2024-2026.
«In inflation, we expect some growth by the end of the year, subject to a further slowdown to 4.5% by the end of 2024. From 2025, inflation will reach the target level of 4%. It is important that social payments will be indexed to the level of actual inflation, so the inflation level included in the forecast is used to formulate budget projections,» Reshetnikov said.
Earlier in September, a representative of the ministry told reporters that the Ministry of Economic Development raised the forecast for inflation in the Russian Federation in 2023 to 7.5% from 5.3%, in 2024 — to 4.5% from 4%, and expects a return in 2025-2026 to the target of 4%. As a representative of the ministry explained, the inflation rate increased relative to the Central Bank’s target value in 2024 includes issues related to tariff indexation.