Russian Prime Minister Dmitry Medvedev will present an anti-crisis plan to President Vladimir Putin. The document composed by the Ministry for Economic Development consists of 101 provisions and will cost the government a whopping sum of 2 trillion rubles. It will be the final version of the plan for sustainable development of the economy and social stability in 2015, Kommersant reports.
Vice Prime Minister Igor Shuvalov, supervising the economic development, may introduce changes to the plan. In just three days, the number of provisions went up from 60 to 101. The initiative to lift VAT on imports of raw materials and components, the accelerated development of special economic zones, and trading with state monopolies in tariff policy were omitted. Ideas to support small-scale business and exports of medium-scale business remain. Corrections to the budget of 2015 by the government is the main innovation in the plan.
Prepayments for state contracts will be cut to only 80%, hinting that expenses of state programs will be reduced by 20%. The Ministry of Finance insisted on balancing the budget of 2016 and 2017 according to forecasts for the economic growth rate and prices for energy resources.
The plan affirms that the Pension Fund will receive an additional transfer of 147.5 billion rubles to raise pensions, should the index of consumer prices exceed 6%. Salaries in state monopolies will not be frozen in 2015. Funds for reduction of unemployment will increase to 82.6 billion rubles. Over 100 billion rubles will be spent on maternity capital. An additional 50 billion rubles will be granted to agrarians due to conjuncture and climate risks.
The document states that the Russian National Welfare Fund will grant VTB 150 billion rubles and Gazprombank 100 billion rubles to provide loans to priority aspects of the real sector at a rate of less than 1% of the growth of the credit portfolio a month. Sberbank has not requested money. VEB will be granted 300 billion rubles to help the most problematic backbone enterprises.
Russian Prime Minister Dmitry Medvedev will present an anti-crisis plan to President Vladimir Putin. The document composed by the Ministry for Economic Development consists of 101 provisions and will cost the government a whopping sum of 2 trillion rubles. It will be the final version of the plan for sustainable development of the economy and social stability in 2015, Kommersant reports.Vice Prime Minister Igor Shuvalov supervising the economic development may introduce changes in the plan. In just three days, the number of provisions went up from 60 to 101. The initiative to lift the VAT for imports of raw materials and components, accelerated development of special economic zones, trade with state monopolies in the tariff policy were omitted. Ideas to support small-scale business and exports of medium-scale business remain.Corrections to the budget of 2015 by the government is the main innovation in the plan. Prepayments for state contracts will be cut to only 80%, hinting that expenses of state programs will be reduced by 20%. The Ministry for Finances insisted on balancing the budget of 2016 and 2017 according to forecasts for economic growth rate and prices for energy resources.The plan affirms that the Pension Fund will receive an additional transfer of 147.5 billion rubles to raise pensions, should the index of consumer prices exceed 6%.Salaries in state monopolies will not be frozen in 2015. Funds for reduction of unemployment will increase to 82.6 billion rubles. Over 100 billion rubles will be spent on maternity capitals. Additional 50 billion rubles will be granted to agrarians due to conjuncture and climate risks.The document states that the Russian National Welfare Fund will grant VTB 150 billion rubles and Gazprombank 100 billion rubles to provide loans to priority aspects of the real sector at a rate of less than 1% of the growth of the credit portfolio a month. Sberbank has not requested money.VEB will be granted 300 billion rubles to help the most problematic backbone enterpri
