Thursday, January 22, 2015

Require trillions to fight the crisis – New News

Require trillions to fight the crisis – New News

Russian President Vladimir Putin has approved the anti-crisis plan submitted to it by the government. This was at the end of the discussion, said on Thursday the first Deputy Prime Minister Igor Shuvalov. Before going to the president’s desk, on Monday “plan for sustainable development and social stability in 2015″ developed by Ministry of Economic Development (MED), was discussed at a meeting with Prime Minister Dmitry Medvedev.

Shuvalov outlined further plan of action: to 26 January Cabinet to finalize the document, and on the same day “final event will happen in the government of the Russian Federation”, on the outcome of which will then be reported to the President. Additional work is related to the fact that during the discussion of the plan with the head of state in some areas there was a discussion: whether to expend funds in the claimed amount and the source of funding will be sought. Currently, an interim version of the anti-crisi s plan is worth 63 points and 1.375 trillion. rubles. Although the original version included MED 100 points, the implementation of which could cost nearly 2.7 trillion. rubles. True, it is not advertised, which articles have been abolished.

At the meeting the President also referred to the sources from which it is supposed to draw funds – in part from the budget, partly due to government guarantees, as well as from the National Welfare Fund. In addition, since the end of 2014 is planned to withdraw 500 billion. Rubles to support the economy from the Reserve Fund.

Senior Researcher at the Institute for Economic Policy. Gaidar, Sergei Lark confirmed “NO” that cash reserves in the required amount from the state are available, and one can not support some of the proposed measures – such as reducing the tax burden on business. “But on other issues of specificity is not enough – for example, the issue of pension savings remains unresolved, it is too early to draw conclusions about the possible success of the proposed plan,” – said the expert. The main thing, in his opinion, the State did not allow mistakes of the past crisis – huge selection of subsidies to inefficient enterprises.

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