the Cost of implementation of the national plan for the recovery of the Russian economy in 2020-2021 years will be about 5 trillion rubles. On this day the President of the Russian Federation Vladimir Putin reported via video link, Prime Minister of the Russian Federation Mikhail Mishustin.
He also said that the Cabinet plan contains approximately 500 specific actions, reports TASS.
the Plan will be implemented in three stages: before the end of the third quarter of 2020 the aim is to stabilize the situation, to the II quarter of 2021, the authorities expect to complete the process of economic recovery, and in III—IV quarter of 2021 provides access to a sustainable path of economic growth.
for his part, Putin said that the state’s goal is not only to stabilize the situation, the main thing — to support the population and business.
the Prime Minister emphasized that today it is especially important to pay attention to unemployment. “Plant closures or reduction of working time and wages has exacerbated this problem. All of this can result in a decrease in income, and hence demand, therefore, the plan assumes an active policy in the employment sphere”, — quotes RIA “news” mishustina.
earlier, there were some details of the plan to restore the Russian economy. In particular, the government intends by the end of 2021 to bring the Russian economy sustained GDP growth of at least 2.5% per year.
let’s Add that the Russian economy in February—March 2020 was under the powerful impact of two negative factors — the rapid spread of the pandemic coronavirus infection COVID-19 and its deleterious effect on the global economy and collapse in oil prices. Against this background, the rouble significantly depreciated against the dollar and the Euro. Reacting to the situation, the government and the Bank of Russia adopted several packages of measures to support the economy and citizens.
on 11 may, the President RF Vladimir Putin announced the end of may 12, a single period of days off, entered March 30, in the fight against COVID-19. He also announced the beginning of implementation of the third package of anti-crisis measures, under which the state, in particular, will increase targeted support for families with children, small businesses, individual entrepreneurs and self-employed. In addition, Putin instructed the government to prepare a national plan for long-term development of the economy, the recovery in employment and incomes.
on 27 may, the Minister of economic development (MED) of the Russian Federation Maxim Reshetnikov said that the total cost of anti-crisis measures to support the Russian economy, aimed at combating the impact of the pandemic coronavirus has reached 3.3 trillion rubles.
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