Rosbank: Russia can spend 20.5 tln rbl on Putin plan С18Ц24 - 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

Rosbank: Russia can spend 20.5 tln rbl on Putin plan С18Ц24

MOSCOW, Mar 22 (PRIME) Ц The economic plan outlined by President Vladimir Putin in his address to legislators can cost Russia 20.5 trillion rubles in 2018Ц2024, Rosbank said in a report late on Wednesday.

УIn the March address to the Federation Council, Putin announced new priorities for development of the countryТs economy, paying attention to the problems in development of human resources and the quality of infrastructure,Ф the bank said.

УOur estimates put the total cost of the initiatives at 20.5 trillion rubles in the period of 2018Ц2024.Ф

According to the note, growth of the non-energy income of the budget and tax changes will not be enough to finance the targets but a budget rule change such as reduction of the Urals price threshold for spending to U.S. $45Ц50 per barrel can fund the costs.

(57.4954 rubles Ц U.S. $1)


22.03.2018 08:44
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 74.6816 -0.1335 21 feb
USD 65.8568 -0.3454 21 feb
Stock Market Indices
1D 1W 1M 1Y
rtsi 1194.40 +1.77 18:50 20 feb
micex 2487.82 +1.19 18:50 20 feb
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 154.29 +0.17 18:39 20 feb
lkoh 5445.50 +0.04 18:39 20 feb
rosn 402.45 -0.12 18:39 20 feb
sber 206.48 +2.18 18:39 20 feb
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 74.5350 -0.1100 14:59 20 feb
USDTD 65.7550 -0.4550 17:44 20 feb