The media reported on new budget policy of Putin if he wins the election

© RIA Novosti / Ramil to Setdiscoverable in photobackup 5000 rubles. Archival photoThe media reported on new budget policy of Putin if he wins the election© RIA Novosti / Ramil to Setdiscoverable the image Bank

New presidential term of Vladimir Putin may begin with fiscal space, writes on Monday, the newspaper «Vedomosti» with reference to the meetings in the government and Federal officials.

It is noted that from 2018 it is planned to increase budget expenditures on education, health and infrastructure.

According to the publication, this is done at the request of Putin, but the official order was not. The idea was supported by the assistant to the President Andrey Belousov and the Chairman of the Central Bank Elvira Nabiullina. One she put forward a condition — the implementation of structural reforms. According to interlocutors of Agency, it is possible to reduce the government spending, increasing taxes, the easing of fiscal policy.

This idea, which failed on the eve of the previous presidential election, defends Chairman of the Board of the Center for strategic development Alexey Kudrin. He is preparing a new programme of reforms on behalf of Putin: by 2024, it is proposed to gradually increase public expenditure on education (0.8% of GDP compared to 2017), health care (0.7%) and infrastructure (0.8%). The authenticity of these calculations confirmed the newspaper, the two party meetings.

To cut spending on defense is not available. In turn to cut costs can law enforcement and audit unit, the newspaper writes

based on $ 40 per barrel of Urals oil prices in 2017. According to the Chairman of CSR, it is possible to increase the cutoff price to $ 45.

The Ministry of Finance believe that resources for health and education could be mobilized in the budget due to the «whitening» of the economy and increased targeting of social support, the newspaper said. The Ministry also consider whitewashing one of the key sources of funds, but also structural reforms that will accelerate GDP growth and additional budget revenues, the newspaper said a Federal official.

Discussed increase of taxes, e.g. personal income tax and excise tax on luxury items, as well as co-financing by the population of medical services. Another source of money to maneuver – raising the retirement age. As noted by the publication of a Federal official, the Ministry of Finance and FNS are already taking steps to whitewash the economy and the transition to the targeting of social support, and additional revenues from them lay in social spending.

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