Pres aide says measures from PutinТs address forbid manual ruling - 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

Pres aide says measures from PutinТs address forbid manual ruling

MOSCOW, Mar 16 (PRIME) -- The measures announced by President Vladimir Putin in his address to the Federation Council, the parliamentТs supreme chamber, are much more demanding than his 2012 program and cannot be implemented with the help of hands-on management, aide Andrei Belousov told reporters on Friday.

In the address of March 1, Putin prioritized gross domestic product (GDP) growth at a pace no slower than that around with world and its increase per capita, pension increase above inflation, further growth of state employeesТ salaries, a twofold healthcare spending increase, real income growth and an at least halving of the poverty level.

Belousov said, УI can say that the tasks set by the current address are of a larger scale than the 2012 orders and one-man control is impossible here. It will not cope with the tasks the country is facing in the long-term. A different mechanism is needed.Ф

Belousov also said that the measures do not exceed the budget, УA volume like this was prepared, which included detailed work on every single feature of the address, which was presented by the president and of course, there were serious financial calculations in it because we needed to see that the stipulations voiced by the president do not exceed the limits of our budget system, that everything is fulfilled.Ф

Fulfillment of the goals would require an equivalent of 1.5% of the GDP. УThe main, the most intensive receivers, where underpayments are the largest are healthcare and infrastructure because they are most capital intensive. Digitalization is also a costly story,Ф Belousov said, adding that economic growth will help earn resources amounting to 1% of the GDP.

A 3.5Ц4% increase of GDP instead of the current 2% would cover two thirds of PutinТs program, Belousov said.

He said that Russia can do better than Germany in terms of the purchasing power parity by 2024 if it fulfills PutinТs orders.

The Russian authorities plan to reduce the defense spending share in the GDP and to raise the efficiency of spending on the other areas. Under the program announced by Putin, tens of billion rubles can be saved in the sphere of major construction work, the aide said.

The mortgage rate under the program must fall to 7% by 2024 and at least 2 million families must be able to take mortgages per year by 2024, Belousov said.


16.03.2018 15:25
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 70.6771 -0.1803 17 jul
USD 62.8129 -0.0151 17 jul
Stock Market Indices
1D 1W 1M 1Y
rtsi 1377.76 -0.63 13:43 16 jul
micex 2746.00 -0.38 13:43 16 jul
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 238.06 -0.93 13:27 16 jul
lkoh 5150.00 -0.55 13:27 16 jul
rosn 420.50 +0.50 13:27 16 jul
sber 234.18 -0.46 13:27 16 jul
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 70.5200 -0.3700 14:59 16 jul
USDTD 62.6575 -0.5000 17:44 16 jul