Putin spoke about the government plan for the 2017-2025 years

© RIA Novosti / Alexei Druginderal in Photobacterium of the Russian Federation Vladimir Putin holds a meeting on economic issues. 30 may 2017Putin spoke about the government plan for the 2017-2025 years© RIA Novosti / Alexei Druginderal the image Bank

Russian President Vladimir Putin has called the forthcoming government action plan for the 2017-2025 years a key document in terms of long-term development strategy of the country’s economy.

«As you know, last week the government presented a comprehensive action plan until 2025, its mission is to ensure the withdrawal of Russia’s economy growth rate is not below the world, above the world, not later than the 2019-2020 years. This, of course, a key document in terms of a long-term strategy of development of the Russian economy», — Putin said, opening a meeting on economic issues.

The President noted that over the same plans working and expert groups, and representatives of the business community.

«We will, after careful, in-depth analysis of the bids to decide how we will proceed. Or entirely take any suggestions, keeping in mind that, as a rule, these initiatives are complete, or after a deep analysis, more consultation, any other ideas that may occur further, will come to the conclusion that you need something to connect, complement and based on this additional analysis to make a final decision on which way we go, to what extent and what initiatives are implementing,» — said Putin.

At that meeting, their draft programs for socio-economic development of the country, the Chairman of the Board of the Foundation «Center for strategic initiatives» (CSR), ex-Finance Minister Alexei Kudrin and business-the Ombudsman, the Chairman of the Presidium of «Stolypin club» Boris Titov. Their views on the way to economic growth are radically different.

The main area of disagreement — by the Bank of Russia policy by Kudrin generally supported, but Titov is against «the fetish of low inflation in the absence of economic growth» and invites the regulator to target not only the price increase, but the growth of the economy. From the same area, the increased money supply, in other words, the start of a certain analogue of the Western «quantitative easing program», what are «stolypins» and what is considered unacceptable in CSR, stating that in the Russian reality it will only hasten inflation.