PRESS: Govt can raise education, healthcare spending after elections - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

PRESS: Govt can raise education, healthcare spending after elections

MOSCOW, Jan 15 (PRIME) -- The Russian government is seeking ways to raise spending on education, healthcare and infrastructure after the presidential elections under an unofficial request by President Vladimir Putin, business daily Vedomosti reported Monday, citing federal government officials.

Alexei Kudrin, former finance minister and chairman of the Center for Strategic Research board, offered to finance an increase of spending by easing the budget rule with the oil price threshold for reserves rising to U.S. $45 per barrel from $40.

Kudrin said that the measure would help to raise spending on education by 0.8% of gross domestic product (GDP), on healthcare by 0.7% of GDP and on infrastructure by 0.8% of GDP by 2024 as compared with 2017.

Officials from the Finance Ministry said that reduction of the informal economy share would help with finding money for healthcare and education. The Economic Development Ministry agreed with this and added that structural reforms boosting economic growth would also be of use, the daily reported.

Increasing the personal income tax and luxury goods excises, as well as raising the retirement age and introducing co-financing of healthcare services by people are also being discussed, one of the officials said.


15.01.2018 09:24
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 78.0753 +0.3224 22 sep
USD 66.2497 -0.2228 22 sep
Stock Market Indices
1D 1W 1M 1Y
rtsi 1158.66 +0.79 10:28 24 sep
micex 2429.98 +0.13 10:28 24 sep
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 158.64 +2.78 18:49 21 sep
lkoh 4737.50 +0.78 18:49 21 sep
rosn 440.40 +0.39 18:47 21 sep
sber 193.44 +1.19 18:49 21 sep
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 77.8000 -0.6450 10:01 24 sep
USDTD 66.3025 -0.1650 10:01 24 sep