Medvedev will discuss with the members of the Cabinet of Ministers measures for ensuring a balanced budget 2016

Medvedev will discuss with the members of the Cabinet of Ministers measures for ensuring a balanced budget 2016

MOSCOW, 1 February. Prime Minister Dmitry Medvedev will on Monday hold a regular meeting on financial economic issues. According to the press service of the government, it is planned to discuss measures to balance the Federal budget by 2016.

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The meeting will be attended by first Deputy Prime Minister Igor Shuvalov, Deputy Prime Ministers Olga Golodets, Arkady Dvorkovich, Dmitry Kozak, Yuri Trutnev, and Alexander Khloponin, the presidential aide Andrei Belousov, Finance Minister Anton Siluanov, Minister of economic development Alexei Ulyukayev, Minister of culture Vladimir Medinsky, the Minister of construction and housing and utilities Mikhail Men, Minister of healthcare Veronika Skvortsova, Minister of transport Maxim Sokolov, Minister of agriculture Alexander Tkachev, Minister of labour and social protection Maxim Topilin, as well as Chairman of the Central Bank Elvira Nabiullina.

Prime Minister since the beginning of the year have already held at least three meetings, devoted directly to the budget balance. The government in the context of deteriorating economic conditions beginning this year with the revised budget and macroeconomic forecasts for 2016, as well as with the drafting of the new plan of anti-crisis measures. In January there was General support for the decision to cut the Federal spending by 10%.

At a meeting last week, Medvedev instructed the Cabinet of Ministers by 1 February, to prepare an updated plan for sustainable socio-economic development of the Russian Federation, taking into account falling oil prices. The Prime Minister asked the Cabinet to propose mechanisms for overcoming the crisis with growth trajectories, while maintaining the level of welfare of citizens. Medvedev stressed that this plan will also be discussed with the parliamentarians, after which “we’ll start on this plan to work.”

The draft of the new plan

The Minister of economic development Alexey Ulyukaev last week said that the new anti-crisis plan will include the cost of 750 billion rubles, while AZABUJYUBAN part is about 210 billion rubles. funds from the crisis reserve. But Finance Minister Anton Siluanov said that these measures can be directed and savings from a 10 per cent budget expenditure reduction.

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Shuvalov: crisis management plan-2016 will be the unit of measures to support small and medium business

As reported earlier, the main innovation of the plan will be the minimum attention to the banking system, which has long been a priority of all programs of support of economy of the Russian Federation, and maximum attention to small business, to which the Russian authorities have high hopes. At the same time, four of the industry will receive anti-crisis support as a priority: the automotive industry, transport engineering, housing construction and light industry.

Program to support the automotive industry in 2016, in fact, is an advanced and extended the measures adopted for 2015 New in the program will be measures aimed at increasing the share of export of cars and on updating of Park of cars of ambulance and emergency assistance.

The programme of support for transport engineering in 2016 includes three blocks of measures: measures to accelerate the write-off of cars with expired service life and upgrading the fleet of freight rolling stock, measures to ensure safety in the operation of rolling stock and measures to support manufacturers of innovative cars.

To support housing construction project of the new plan contains a programme of assistance to mortgage borrowers who are in a difficult financial situation, and changes to the law on joint construction, strengthening the control of the developers.

The anti-crisis plan in 2016 will also include a large block of measures to support small and medium businesses. Measures of small business support related to the activities of the Federal Corporation for development of SMEs, creation of market niches for business, technological development, affordable financing, the predictability of the fiscal burden of government regulation, its territorial development and personnel.

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As for the social part of the anti-crisis plan, as earlier reported, judging by the conflicting information from the authorities in recent days, this block was the most controversial.

So, last week the media reported that the document provides for the restriction of payment of pensions to pensioners with income over 1 million roubles a year and the possibility of increasing the retirement age. However, later Deputy Prime Minister Olga Golodets reported that such a limitation is not included in the anti-crisis plan.

Deputy MAYOR Oleg Fomichev, in his turn said that raising the retirement age also is not incorporated in the draft updated anti-crisis plan. Thus, according to him, the funds from “frozen” this year, pension savings will go to the needs of the pension system.

In turn Minister of Finance Anton Siluanov mentioned the decision to allocate 200 billion rubles for balancing the Pension Fund.

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Medvedev approved the program of support for transport engineering in 2016