Family capital program extended until 2024 in Belarus

The family capital program has been extended until the end of 2024. Besides, the provisions under which families with many children can use family capital earlier have been reviewed in accordance with Belarus President’s decree. After the child turns 18, the money can be used to improve housing conditions, get education, social services and healthcare services, or be deposited to a mother's pension account. The money can also be used earlier to pay for healthcare services, education and to improve housing conditions.Family capital will be formed in Belarusian rubles with a basic amount of Br22,500 as from 1 January 2020. Apart from that, family capital will be annually adjusted to the consumer price index in order to preserve its purchasing power.