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Russian government prepares to endorse anti-crisis plan

January 27, 2015, 9:31 UTC+3 MOSCOW
President Vladimir Putin stressed on Monday that the implementation of the anti-crisis plan should ensure social stability in the country
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© ITAR-TASS/Stanislav Krasilnikov

MOSCOW, January 27. /TASS/. Russia’s government is expected to approve on Tuesday an anti-crisis plan that has been finalized and presented by Prime Minister Dmitry Medvedev to President Vladimir Putin.

To approve the plan, the head of government is to sign a particular decree and the cabinet of ministers will then work with the parliament to discuss and adopt the necessary legal framework to implement the measures.

Some 60 bills, a number of presidential decrees and a significant amount of legislative acts and documents are to be prepared for the plan to be fulfilled.

Russian First Deputy Prime Minister Igor Shuvalov said last week the Russian government’s anti-crisis plan would require 1.375 trillion rubles (about $21 billion), including budget expenditures, state guarantees and spending from the oil wealth National Welfare Fund.

President Putin stressed on Monday that the implementation of the anti-crisis plan should ensure social stability in the country.

“It (social stability) can only be achieved if acceptable parameters are preserved in the economy, first of all, it is linked with the budget, inflation, foreign debt, reserves, and so on,” Putin said. “This is all we have been rightly proud of in the recent years and it is called macroeconomic stability.”

The president called on the government to look at the optimization of budgetary spending as it did during the global economic crisis some seven years ago.

“It is necessary to think about optimizing budgetary spending, like we did in 2008-2009, in order to increase financing of certain sectors and revise some parameters in a long-term perspective, i.e. to look at priorities,” Putin said.

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