Putin orders govt to ensure econ growth exceeding global rate ‘20

MOSCOW, Dec 7 (PRIME) -- Russian President Vladimir Putin has ordered the government to prepare a plan of action to ensure the country’s economic growth exceeding the global economy growth rate by 2019–2020, according to a relevant ruling released on the Kremlin’s Web site late Tuesday.

The plan should include measures aimed at improving business climate, raising efficiency of large investment projects, boosting volumes of non-energy exports, developing small and medium-sized businesses, as well as increasing efficiency of state support to economic sectors.

The order should be fulfilled by May 30, 2017.

Putin also ordered the central bank to prepare proposals to develop the financial market, including implementing a differentiated approach to regulate banks’ operations, by March 1, 2017.

The president also ordered that additional measures be taken to stimulate development of agriculture cooperation by July 1, 2017.

In addition, Putin ordered the government to consider raising the budget system’s resistance and fulfilling state obligations in case of changes in global oil prices by December 31, 2017.

Moreover, the president ordered the government to submit proposals to optimize tax incentives provided to certain firms by June 1, 2017 and prepare proposals on key parameters of the tax system for 2019 and next years by December 1, 2017.

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