Vladimir Putinto: Alexei Nikolsky / RIA Novosti
The package of measures of social support proposed by Russian President Vladimir Putin during the Federal Assembly, can accelerate the country’s economy was only 0.2-0.25 percentage points in 2020. About this newspaper “Vedomosti”, with reference to analysts of the Central Bank.
As a result of Putin’s plan, the real disposable income of Russians may increase by 0,45-0,55 p. p. income Growth will lead to increased spending of the population on consumption and import growth. However, this will cause a great benefit from measures for growth of the Russian GDP is questionable.
Meanwhile, the Ministry of economic development expects that the increase in social support will allow the 2020 to increase the real incomes of Russians per 1 PP, and economic growth by 0.3 PP In General, the Department expects that incomes of inhabitants of Russia without taking into account the measures will grow this year by 1.5 percent, and Russia’s GDP by 1.7 percent.
According to the Finance Ministry, in total to implement the proposal of the President of Russia Vladimir Putin had a 4 trillion rubles, 3.8 out which will be a burden for the Federal budget.
The President of Russia in the message to the Federal Assembly in January 2020, announced a package of measures to stimulate the economy. It includes the expansion of social support for families with children, the extension of the maternity capital program and the compensation of expenses of regions on investment benefits for business.
Russia’s GDP at the end of 2019 rose by 1.3 percent, in line with the official forecast of Ministry of economic development. Growth in real disposable income of Russians was higher than the forecast of the Ministry — instead of the 0.1 percent, they grew by 0.8 percent.
Video, photo All from Russia.