The Finance Ministry has mobilized 600 billion to support citizens and the economy

the Government will continue to reallocate Federal spending for the support of citizens Economics: the Reserve Fund mobilized 600 billion rubles, said the head of the government Mikhail Mishustin at the meeting with Deputy Prime Ministers.

work Continues on the national plan, States the importance of the task, “in national projects and state programs.” This will allow you to properly allocate resources.

One of the most important areas is the support of the population and the economy in a pandemic, said Mishustin.

He instructed in a timely manner and quickly to Finance the adopted measures and the social sphere. “Ministries and departments should continue the active work with the Ministry of Finance on this issue,” — said Mishustin.

New measures designed to speed up the recovery of the economy and labour market. Earlier Mishustin requested until 19 June to finalize a national plan.

the National economic recovery plan aimed at a GDP growth rate higher than before the crisis — at least 2.5% by the end of 2021, the reduction of unemployment to 5% and the increase in real incomes. The plan was discussed on June 2 during the online meeting, Prime Minister Mikhail mishustina with Russian President Vladimir Putin.

the Head of state instructed to start realization of the plan since July. In the two-year plan of about 500 specific activities 5 trillion RUB.

the Plan consists of three stages. The first phase – stabilization of the situation until the end of the third quarter of 2020. The second stage — up to the II quarter of 2021. The third stage is III-IV quarters of 2021.

it is Planned to create a social Treasury for the targeted support of the population. The new Agency should improve the efficiency of care. We will introduce a single approach to calculate social assistance – given the composition of the family and its average income.

According to the Ministry of economic development, this year the real locationagamya incomes will shrink by 3.8%, however, in the following expected growth of 2.8%.

Russia’s GDP may fall in the second quarter by 8%, predicts the Bank of Russia. By the end of 2020, the Bank of Russia expects a decline in GDP of 4-6%. Under the baseline scenario of the Central Bank the budget deficit in Russia on the background of the coronavirus will amount to 5-6% of GDP. In 2019 Russian GDP grew by 1.3%.