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Execution of 2014 PFR budget approved at Russian government meeting

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Execution of 2014 PFR budget approved at Russian government meeting

Main features of the 2014 budget of the Pension Fund of Russia were approved by Federal Law No 320-FZ dated 02.12.2013 “On Budget of the Pension Fund of Russia in 2014 and the Planned Period of 2015 and 2016.”

In 2014, aggregate revenue of the PFR budget stood at 6,159.1 billion rubles and expenditures amounted to 6,190.1 billion rubles.

The fund budget’s revenue and expenditures reached 8.7% of GDP.

The Pension Fund of Russia ensured the fulfillment of all measures improving pension support in 2014. Pensions were raised for approximately 41.5 million pensioners.

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