Money is on Putin’s decree finally found

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Vladimir Putinto: Alexei Nikolsky / RIA Novosti

The Russian government found the money to implement the may decree of President Vladimir Putin. It is reported TASS with reference to the first Deputy Minister of Finance Leonid Gornin.

“The funds for the six-year period in the amount of eight trillion roubles found,” — said the official. According to him, the funding of national projects will be funded from the Federal budget by 95 percent. The other five percent will cover the regional funds.

May 7, Putin signed a decree on the national goals and strategic objectives of Russia until 2024. The document defines the main guidelines for the development of the country in particular the socio-economic sphere.

May 10, Prime Minister Dmitry Medvedev has demanded to find the money, namely eight trillion rubles for implementation of the decree. He emphasized that the whole plan will cost the budget of 25 trillion rubles.

Since then, the government announced a pension reform that includes raising the retirement age and the increase in the value added tax (VAT) from 18 percent to 20 percent.

In early August, the presidential aide Andrei Belousov proposed to annually withdraw a tax of 500 billion rubles in windfall metallurgical, chemical and petrochemical companies can go to the implementation of the decree. Later the company voluntarily agreed to participate in high-priority investment projects.

Video, photo All from Russia.

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