The Ministry of Finance will prepare changes to the "Family Mortgage" program to eliminate the limit

The Ministry of Finance of Russia will prepare changes in the rules of family mortgage issuance to exclude the mechanism of limits from the program, reported on the website of the Ministry on December 19. They noted that the changes are planned taking into account the instruction of Russian President Vladimir Putin.

Limits - a technical value that determines the volume of loans that banks can issue under the program. Their main purpose is to forecast budget expenditures.

At the same time, they specified that in December the issue of premature exhaustion of limits in some credit organizations had already been resolved. Banks issue loans within the total amount of funds under the program. The issuance is not suspended.

At the same time, the ministry said that this year's budget allocations of Br290 billion are provided for the implementation of the program. In addition, an additional Br142 billion has been allocated from the reserve fund of the Russian government.

Earlier in the day, the Russian President said during the "Results of the Year" that the family mortgage should not have any limits. He noted that this issue was discussed with the government. At the same time, in his opinion, this program should be preserved.