Siluanov reveals Russia's average pension payment

Russian Finance Minister Anton Siluanov said that the average monthly pension payment in Russia should grow to 20,000 rubles by 2024.

He also said that the Finance Ministry has suggested providing deductions on the personal income tax for Russians who save money for retirement on their own.

"We will suggest relevant incentives to make it interesting for employees and employers. They will reduce the tax base of the personal income tax on the one hand, and reduce taxation of the profit taxation for employers on the other hand," Siluanov said in an interview to Rossiya 1 television channel. .