Date: 9 months ago   Category: Economy

Control of expenditure of maternity capital will be strengthened in Russia

On the website of the Government of the Russian Federation information that department has approved the offer on strengthening of control of expenditure of funds of maternity capital for improvement of living conditions has appeared. In particular, requirements to the acquired housing will be toughened now. To refuse purchase of the apartment or house with use of a maternity capital can in case the room is recognized unsuitable for accommodation. At the moment the law allows to use maternity capital to pay a mortgage and to repay obligations of a loan under contracts with "other" credit institutions which aren't controlled by the Central Bank. As notes, because of it risks of illegal actions with use of the state payment which go for repayment of the loans issued by these organizations increase. The bill suggests to exclude a concept "other" of the text of the document and to bring there agricultural consumer cooperatives. We will remind that in Russia the program for payment of maternity capital works since 2007. At the moment it was prolonged till 2021. Photo: Google.Images to Share: control maternity capital Government