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Vladimir Putin: This Year Will be Complex, But Russia Will Overcome the Crunch

07 апреля 2009 г.

This year for Russia will be complex, but all social obligations and priority programs will be executed. Vladimir Putin declared it in the State Duma while presenting the national anti-recessionary program and reporting about the work of the Cabinet.

The practice of similar reports will become annual since consequent amendments have been done in the Constitution by the president. As Vladimir Putin noted, the worst script of succession of the events was managed to be avoided.

Position in bank sphere, where there was a real threat of disorder, was stabilized. The rouble exchange rate decreased, however they managed to lead devaluation without sharp fluctuations. In a couple of months they expect the decrease in rates of inflation would begin. The enterprises of the real sector of economy would get support of the state. But it would be impossible to raise real demand only with the budget. First of all it would be necessary to stimulate business activity. And there were all preconditions to it – the prime-minister considered. As he said that the prior year the work performance had increased on 5 %, and the real salary - more than on 10%. Social protection would be also the major component of the anti-recessionary program. So, in 2010 labor pensions would be increased third. Separately the head of the government pointed out the so called “taxation theme”. He called it inexpedient to return to an ascending scale of surtax when its size depends on a level of incomes.

Mr. Putin reminded that in such conditions the majority of employers would turn to “black schemes” of salary payment, and as a result, workers would remain without a social package. The Prime-minister also informed that the government had received more than two thousand anti-recessionary offers. All of them would be considered. The head of the government stressed that no doubts Russia would cope with crisis and will keep leading positions among the world largest economies.

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