The government will present Putin with an anti-crisis plan worth 827 billion rubles

The cost of the anti-crisis plan, which will be presented to Russian President Vladimir Putin on February 10, is 827.42 billion rubles. This is reported by the RBC publication, which managed to familiarize itself with the latest version of the plan.

According to the publication, 446.87 billion is planned to be financed from the current budget, 136.65 billion will be received by reducing budget expenditures.

Another 297.4 billion will be taken from the not yet created anti-crisis fund and 39.8 billion rubles are planned to be taken from the National Welfare Fund (this money will be used to purchase 292 locomotives for Russian Railways). In earlier versions of the plan, the National Welfare Fund did not appear as a source of financing, the publication clarifies.

At the same time, the first part of the plan increasingly resembles an attempt by industry lobbyists to create items protected from cuts in the current budget. There are more and more clauses providing for direct financial support for individual enterprises. […] The government does not provide guarantees that all these items will be reflected in the revised budget for 2016.

RBC

• Previous versions of the anti-crisis plan were estimated at 737 billion rubles, writes RBC. In early February, it was reported that the Ministry of Finance proposed cutting the plan by 210 billion rubles, refusing to finance slightly less than half of the items.
• As Kommersant wrote, most of the structural measures are included in the second part of the anti-crisis plan , the implementation of which is scheduled for after 2016.
• On February 6, Russian Finance Minister Anton Siluanov announced that mandatory anti-crisis measures would cost about 600 billion rubles. “We need to balance all this so that every crisis response impacts growth or supports vulnerable populations,” he said.
• In October 2015, Vedomosti reported on the plans of the Russian government to create two anti-crisis funds - for 340 billion and 150 billion rubles. The first, the publication wrote, was planned to be financed from frozen funded pension contributions and used for additional indexation of pensions in 2016. The second fund could be used to support industries.