Child capital introduced from birth

Additional measures to support families with children to come into force in Belarus from January 1st, 2015 — according to President’s Decree

Additional measures to support families with children to come into force in Belarus from January 1st, 2015 — according to President’s Decree
Additional measures to support families with children to come into force in Belarus from January 1st, 2015 — according to President’s Decree

In particular, families giving birth to their third or subsequent children will be rewarded with a lump-sum payment of $10,000. Qualifying for the bonus will be Belarusian citizens who give birth or adopt a third or subsequent child between January 1st, 2015 and December 31st, 2019.

Money may be used to improve housing, to pay for education or other services, including social services and healthcare, or be deposited into a mother’s pension account. Funds can also be used before a child turns 18 if a family needs to pay for medical services included on the list of the Healthcare Ministry. In addition, the interest rate on subsidised housing loans for young families with two underage children will be reduced to 5 percent per annum.

By Svetlana Savelieva
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