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)