Putin orders govt to take Russia to top 5 of global economies

MOSCOW, May 7 (PRIME) -- President Vladimir Putin has ordered the government 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%, according to a decree on the 2024 strategic goals released on Monday.

The government was ordered to approve a new forecast for macroeconomic development until October 1.

Putin ordered to halve the poverty level, ensure stable growth of real disposable income and a rise in pensions above inflation.

The decree also stipulates improvement of living conditions for at least five million families annually. The scope of housing construction must increase to at least 120 million square meters annually. The mortgage rate must fall to 8%.

Russia’s non-raw material exports must reach U.S. $250 billion a year by 2024 including a rise of agricultural products exports to $45 billion.

Putin ordered the government to rise healthcare service exports by at least four times by 2024 as compared with 2017.

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