PRESS: Putin’s strategy may require retirement age increase

MOSCOW, May 15 (PRIME) – The fulfillment of Russia’s 25 trillion ruble strategic development plan written by President Vladimir Putin can lead to a retirement age increase, business daily Kommersant reported on Tuesday.

According to a survey of the strategy made by Kommersant, the plan consists of 13 projects continuing existing plans. The bulk of spending will go to oncology, provision of digital connection to the state sector, including schools, road repairs and investment in Russian software. Each of these projects will require 150–200 billion rubles a year.

An increase of the retirement age by five years from 2019 can cover strategy demands and is the most logical way to find extra money, the newspaper reported.

(61.7684 rubles – U.S. $1)

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