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The budget of the united Social Fund will be in surplus in 2023

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The budget surplus of the combined Pension and Social Insurance Fund of the Russian Federation in 2023 will amount to 169.9 billion rubles. Such data are presented in the financial project of the Social Fund, writes on Friday, September 23, RIA News.

The document proposes to approve the projected total budget revenues of the fund in 2023 in the amount of 13.7 trillion rubles, expenses – in the amount of 13.5 trillion rubles. According to the forecast, the budget surplus of the Pension and Social Insurance Fund will amount to 191.4 billion rubles in 2024, and 446.9 billion rubles in 2025.

Unified Pension and Social Insurance Fund of the Russian Federation was created in July by merging the Pension Fund of the Russian Federation and joining it with the Social Insurance Fund of the Russian Federation. It will begin work on January 1, 2023, but a full transition may take at least two years.

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