Medvedev will hold a meeting on socio-economic development of the Russian Federation

Medvedev will hold a meeting on socio-economic development of the Russian Federation


On the consideration of the Cabinet of Ministers of the draft anti-crisis plan, which aims to support individual sectors of the economy. Will also have to make adjustments in the expenditure budget for 2016.

MOSCOW, 2 Feb. Prime Minister Dmitry Medvedev will hold a regular meeting on socio-economic development of Russia.

On Monday, Medvedev said that the government should form a new plan to ensure the stability of macroeconomic development, and announced plans at a meeting Tuesday to talk about “the first estimations, about how the plan should be laid out”. “We have as a result of such discussions to go on forming a new version of the plan of action for ensuring sustainable socio-economic development,” he said.

Medvedev holds a series of meetings of the government on the situation in the economy. Case study is a draft anti-crisis plan, which aims to support individual sectors of the economy. Also, we need to make adjustments in the expenditure budget for 2016.

As the Premier said earlier, the Finance Ministry has already submitted to the government for consideration in principle of proposals for the budget, including spending cuts, accelerated privatization and improving the efficiency of state-owned companies. Medvedev urged government members to quickly take on these issues has been agreed.

The meeting Tuesday will be attended by all eight of Medvedev’s deputies: first Deputy Prime Minister Igor Shuvalov and Deputy Prime Ministers Olga Golodets, Arkady Dvorkovich, Dmitry Kozak, Sergei Prikhodko, Dmitry Rogozin, Yuri Trutnev and Alexander Khloponin, the presidential aide for economy Andrey Belousov, Federal Ministers and Central Bank Chairman Elvira Nabiullina. A presentation will be made by the Minister of economic development Alexei Ulyukayev.

In a Monday meeting on the economy held by President Vladimir Putin. It discussed the issues of privatization. Putin said that the need to determine specific parameters of privatization and to decide what packages can be sold to private investors. However, he stressed that the state should not lose control of strategically important enterprises, and new owners of privatized assets should be in Russian jurisdiction.

Previously Shuvalov said that the Russian authorities are considering an ambitious privatization plan for 2016, and the Ministry of Finance said that he expects to gain from privatization 1 trillion rubles for two years. Deputy economic development Minister Oleg Fomichev confirmed, the new anti-crisis plan of the government foresees revenues from large privatization.