The Russian government has published a crisis plan for 2015 on January 28 on the government’s website.
The plan states the majority of federal budget costs will suffer a 10% cut in 2015. Expenditures related to national defense, support of agriculture and international undertakings will not be reduced.
Obligations of a social nature will be met in full. Implementation of new projects will be partially postponed. Operational expenditures of governmental authorities will be cut. Costs will be cut by 5% at the least in three years.
Russia Prime Minister Dmitry Medvedev presented the anti-crisis plan to Vladimir Putin on January 26.
The purpose of the anti-crisis plan is to ensure sustainable development of the economy and stability in the social sphere in 2015-2016.
