Russian government to present five-year plan

Russian Prime Minister Dmitry Medvedev will present a plan for governmental development until 2018 at a session of the Cabinet today. Russian President Vladimir Putin, ministers and members of the presidium of the State Council will attend the presentation.

Medvedev will describe the main points of the plan. It includes measures to reach a GDP growth of 4-5%, increase of labour output 1.5-fold, macroeconomic stability and social modernization.

Filing of governmental documents as a program was started by Prime Minister Mikhail Fradkov in July 2004, as a four-year plan. Putin continued the practice as a PM in 2008.

Putin gave orders of economic and social development in May 2012, to have them realized before 2018. The Cabinet was working on their approval in the first half of the year.

Labour output will be improved via better investment climate, reduction of infrastructure limitations in transportation and energy, Minister for Economic Development Andrey Belousov said.