Chinese Authorities are now using this tool of social protection at the level of individual provinces and cities. In Russia, such an approach would simplify the provision of assistance to the population in the initial period of recovery, which could take months, analysts say the NKR.
Chinese “emergency vouchers” are fundamentally different from the “helicopter money”, which have already been rejected by the Russian authorities: these are points that cannot be a means of accumulation, means of payment in credit, and so forth, they can buy only the most necessary goods, they operate a week, after which unspent points to burn. Several years ago, the Ministry of industry and trade of the Russian Federation were actively discussing the project on the distribution of ration cards to citizens with low incomes.
for the first time, analysts of the Agency, weekly can accrue to citizens points, for example, in a special Bank card, including fully electronic (tied to mobile phones, etc.). Points could be used in grocery stores to ban the purchase of alcohol and expensive goods that are not included in the list of priority. The prices of goods in points should not differ from prices in monetary terms.
Initially this assistance could be provided to the wider population, except for the most underprivileged groups, and is also already receiving targeted social assistance, pensions, etc., suggest analysts. During this time, you can specify the range of those who really need it and to address, without overloading the budget system. According to the Agency, for initial support in the purchasing power of the population may be several tens of billions of rubles in a week, but burn will be about 20% points, which will reduce the actual spending budget.
the rapid monetization of points on the chain “store – supplier” can be seen as providing support to individual sectors of the economy not only in terms of stimulating demand, but also from the point of view of liquidity provision, says the NKR.
the Folding program “digital Express vouchers” could begin as the normalization of the situation with employment and wages, I believe in the NKR.
