Cabinet has decided to save on payments to depositors of the Savings Bank of the Soviet Union, proposing to Parliament to exclude the rule of indexation of savings in the rate of inflation. The MPs have refused to support the proposal of the Government, but experts believe that such an initiative would undermine the credibility of the current financial system.

yesterday in the Verkhovna Rada was promulgated government bill № 4662 On Amending the Law on gosgarantiyah renewal of the deposits of citizens of Ukraine, approved at the Cabinet meeting on 10 June. It proposed to extend the procedure of setting up the roster of contributors that it is only the law of the state budget for 2008. And to complete his creation by June 2010.

The bill proposed to provide an opportunity to receive compensation in cash and non-cash form. Recall that last year offered to pay off debts in compensation for housing and communal services, or to purchase home appliances. Document no rule of indexation of savings in the inflation rate in the issuance of deposits, insurance premiums and redemption of securities. Get indexed contribution can only be the case of death of the depositor.

In the Cabinet

not comment on the bill. The explanatory note to the document states that the changes would help create an effective mechanism for repayment of obligations under the depreciated monetary savings. This specifies that the number of depositors and amount of compensation was not determined. Art. 4 Law on gosgarantiyah resume deposits of Ukrainian citizens registered pledge of $ 131.96 billion UAH, while in the register of investors last year were made about 13 million people.

Deputies

Member Profile Verkhovna Rada Committee on Labor and Social Policy of the Cabinet do not support the proposal to abandon the indexation. According to Mikhail Papieva (Party of Regions), inflationary processes, especially the last three years, and so reduced the purchasing power, so the savings that people can not get to be taken into account and increase the price: 10 thousand UAH then and now - this is totally different funds. Note that Art. 3 Law on gosgarantiyah renewal of the deposits of citizens of Ukraine stipulates that money restored in the ratio 1 karbovanets to 1,05 UAH per 1 October 1996, and from that date to April 2009 consumer price inflation reached 388.7%.

Papiev also recalled that in 2008 from 13 million to 1 ths deposit to obtain only the 6 million member committee Vladimir Vyazivsky ( Our Ukraine-People's Self-Defense) said that, according to the Ministry of Finance, the year, funds for this purpose nearly so far (to the state budget is planned only UAH 250 million). The Ministry of Finance filed an information that the money budgeted only enough to recover the cost of funerals, - told the deputy. Vyazivsky recalled that under the Civil Code, the legal amount of savings should be increased at the rate of inflation.

Expert Bureau of Economic and Social Research Elena Osinkin believes is unjust sentence Cabinet. Stores that have been made, were at one time used by the state, so investors no longer have that invested, - she said .- These changes could increase the distrust of the people in the financial system and the authorities.