The government did not support the initiative to index pensions every 3 months.
The legislative initiative provided for an indexation coefficient in the amount of the average level of growth in the consumer price index over the past 3 months. The indexation coefficient would be approved by the government. The Cabinet of Ministers rejected the initiative, arguing that the project involves the allocation of additional financial resources, the amount of which is not defined, which contradicts the Constitution, which states that no budget expenditures can be approved without establishing the source of their financing. Also, according to the provisions of the Law on Public Finance and Fiscal Responsibility, during the current budget year, decisions that lead to a reduction in revenues and / or an increase in budget expenditures cannot be implemented if their financial consequences are not foreseen in the budget. At the same time, the initiative itself also lacks a description of the financial consequences as a result of the adoption of the presented changes. // 25.07.2022 — InfoMarket.
