Medvedev will discuss with the members of the Cabinet of Ministers the plan of measures for the development of the economy in 2016


MOSCOW, February 10. Prime Minister Dmitry Medvedev will hold a meeting on socio – economic issues. According to the press service of the Cabinet of Ministers, the summit will consider the draft plan of action aimed at ensuring sustainable socio economic development of Russia in 2016.

It is planned that a presentation will be made by the Minister of economic development Alexei Ulyukayev. In meeting will take part the first Vice-Premier Igor Shuvalov, Vice-premiers Sergei Prikhodko, Olga Golodets, Arkady Dvorkovich, Dmitry Kozak, Alexander Khloponin, presidential aide Andrey Belousov, Federal Ministers and Central Bank Chairman Elvira Nabiullina.

The plan to support the economy

The economic development Ministry earlier submitted to the government a draft revised plan to support the economy by 2016. In contrast to the government’s plan for the 2015 plan to support the economy in the current year does not consist of financial investments in banks and enterprises, and measures to stimulate economic growth over the long term.

In particular, the government’s plan will include measures to support small and medium businesses, whose share in GDP is expected to grow twice by 2030. Most of the measures does not provide additional budget expenditures. The need for a plan was due to the downturn in the economy due to a sharp fall in oil prices.

Reduced Ministry plan contains a total of 152 measures, which are divided into two blocks. The first part of emergency measures – provides the rapid reaction to the changing situation in certain economic sectors, such as automotive, railway engineering, light industry.

These actions may require in General 827,7 billion rubles, including 207,4 billion rubles from anti-recessionary Fund, 446,87 billion already provided for in the Federal budget of 39.8 billion roubles – funds of the national welfare Fund (NWF). Sources for other 133,65 billion rubles will be determined by the government in the execution of the budget in 2016.

Implementation of proposals from the second, more voluminous (97 Mer), the unit does not require operational funding, these solutions are aimed at creation of favorable conditions for investment, support industries, reducing costs in the economy, development of small and medium enterprises, social support of citizens and development of social institutions, balanced regional development.