Medvedev says new Putin orders to require 25 tln rbl of spending

MOSCOW, May 8 (PRIME) -- President Vladimir Putin’s economic development plan until 2024 will require about 25 trillion rubles, candidate for the post of prime minister Dmitry Medvedev said on Tuesday.

“In accordance with preliminary estimates, the amount will be raised by a third and will stand at about 25 trillion rubles over the years to come, so at least 8 trillion rubles will have to be added to amount we’ve planned earlier. Besides, I would like to point out that this is the minimum level. If additional income emerges, we will find how to spend it,” Medvedev said.

He said that elimination of excessive restrictions on business and the economy and freedom to creative ideas must be prioritized. The government plans no nationalization, he said.

The government is not preparing any changes to the personal income tax, currently at 13%, he said.

Putin said that Medvedev, as well as several other members of the government and presidential administration, created the economic development plan. “I believe it is quite logical for this team to fulfill these plans.”

Medvedev said that the government will elaborate 12 priority projects until October 1 and works on them will start “today straightaway.”

Medvedev said if appointed to the post of the prime minister, he will present the proposals on government structure to the president and will nominate his deputies and ministers as soon as possible.

Putin ordered the government on Monday to ensure Russia’s entry into the top five of global economies, a higher than global rise of the national economy and inflation not exceeding 4%, among other goals, such as a 50% reduction of the poverty level, a stable growth of real disposable income and a rise in pensions above inflation.

(62.7148 rubles – U.S. $1)

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