Where to get Putin 8 trillion rubles?
New inner policy The re-elected Russian president for the next 6 years is formulated in 150 goals and objectives. There is a clear shift from the military to infrastructure, health and education. On the eve it became known how much the budget will cost the implementation of the May decree of Vladimir Putin. The figure of 10 trillion rubles was voiced somewhat earlier. However, after a meeting with the government, the new "old" Prime Minister Dmitry Medvedev decided that 8 trillion extra spending would be enough.
The bulk of government spending on health, education, productivity growth and exports is 25 trillion rubles. 8 trillion are the new priorities outlined by President Putin in his May decree. The key question is where to get the money for all this.
First, the government expects to "raise money" on GDP growth. Secondly, the government does not hide the fact that it is ready to “carefully look” at the existing tax system. The president did not voice the “innovations,” but he expects an additional inflow to the budget of 1,2 trillion rubles, somewhere in the amount of 300 billion rubles from one “systematic measure,” somewhere in the amount of 400 billion from others.
Economists are deciphering the list of measures by which the budget can receive additional money: “tuning” the existing taxes, increasing their collection, building up public debt. You may have to put your hand in the National Wealth Fund. Specializing in government regulation economics Vladimir Klimanov bluntly says that the tax burden will be increased, as well as the so-called “budget maneuver” and the budget rule changed.
A logical question arises: how can an increase in the tax burden accelerate GDP growth and increase it by 1,5 times per capita by 2020, according to the tasks set by the President of the Russian Federation? How can the Russian economy, suffering from Western sanctions, be able to grow at a pace that is ahead of the global? Moreover, even such growth is not able to give the additional required 8 trillion rubles to the budget. The possibility of external borrowing for the state is directly linked to anti-Russian Western sanctions.
Prime Minister Medvedev said he is opposed to rising income taxes and introducing a progressive scale, however, the introduction of a self-employed tax is being worked out. Dmitry Medvedev quite admits an increase in the retirement age in Russia. The Cabinet of Ministers will submit its proposals on this issue to the State Duma for discussion. It is expected that the retirement age for men can be increased to 65 years, for women - up to 63 years. "Released" pension money can go to improve the living standards of Russians.
Also, softening the budget rule and channeling oil revenues for these purposes is able to finance rising government spending.
A “budget maneuver” may consist in redirecting funds from the defense sector to the new priorities indicated in the decrees.
The bulk of government spending on health, education, productivity growth and exports is 25 trillion rubles. 8 trillion are the new priorities outlined by President Putin in his May decree. The key question is where to get the money for all this.
First, the government expects to "raise money" on GDP growth. Secondly, the government does not hide the fact that it is ready to “carefully look” at the existing tax system. The president did not voice the “innovations,” but he expects an additional inflow to the budget of 1,2 trillion rubles, somewhere in the amount of 300 billion rubles from one “systematic measure,” somewhere in the amount of 400 billion from others.
Economists are deciphering the list of measures by which the budget can receive additional money: “tuning” the existing taxes, increasing their collection, building up public debt. You may have to put your hand in the National Wealth Fund. Specializing in government regulation economics Vladimir Klimanov bluntly says that the tax burden will be increased, as well as the so-called “budget maneuver” and the budget rule changed.
A logical question arises: how can an increase in the tax burden accelerate GDP growth and increase it by 1,5 times per capita by 2020, according to the tasks set by the President of the Russian Federation? How can the Russian economy, suffering from Western sanctions, be able to grow at a pace that is ahead of the global? Moreover, even such growth is not able to give the additional required 8 trillion rubles to the budget. The possibility of external borrowing for the state is directly linked to anti-Russian Western sanctions.
Prime Minister Medvedev said he is opposed to rising income taxes and introducing a progressive scale, however, the introduction of a self-employed tax is being worked out. Dmitry Medvedev quite admits an increase in the retirement age in Russia. The Cabinet of Ministers will submit its proposals on this issue to the State Duma for discussion. It is expected that the retirement age for men can be increased to 65 years, for women - up to 63 years. "Released" pension money can go to improve the living standards of Russians.
Also, softening the budget rule and channeling oil revenues for these purposes is able to finance rising government spending.
A “budget maneuver” may consist in redirecting funds from the defense sector to the new priorities indicated in the decrees.
Information