Strategy: Russia needs a balanced budget and reduction of inflation

Strategy: Russia needs a balanced budget and reduction of inflation


The most important factors of economic security of the country, the new strategy identifies improving the efficiency of state regulation of the economy, increasing productivity and development of new resource sources.

MOSCOW, 31 Dec. The economic security of the Russian Federation requires measures to preserve a balanced budget, but also aimed at overcoming the capital outflows and curb inflation, says an updated national security strategy of the Russian Federation.

“Economic security is through the development of industrial-technological base and the national innovation system, modernization and development of priority sectors of the national economy, increase the investment attractiveness of the Russian Federation, improvement of the business climate and creating favorable business environment”, — stated in the document, approved by President Vladimir Putin and published on Thursday on the official website.

The most important factors of the economic security strategy identifies improving the efficiency of state regulation of economy in order to achieve sustainable economic growth, increased productivity, development of new resource sources, stability of functioning and development of the financial system, enhancing its security, currency regulation and control.

In addition, among these factors — “accumulation of financial reserves, financial stability, a balanced budget system, improving inter-budgetary relations, overcoming the outflow of capital and skilled professionals, increase the level of domestic savings and their transformation into investment, reducing inflation”.

Necessary and active steps to combat corruption, shadow and criminal economy, as well as for the state protection of Russian producers operating in the field of military, food, information and energy security, the document says.