What is the essence of the new economic program for Putin?

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Alexey Kudrin and Vladimir Putin

New economy

The Center for Economic Development Alexei Kudrin revealed the details of the economic program, which may become a program of the new presidential term by Vladimir Putin. Until now, the main details of this plan were kept secret - Kudrin said that he first wanted to get the approval of the president. What awaits us if the program is approved and starts to be executed?

• By 2035, state expenses may exceed income so that the economy will cease to cope with them, according to the CSR, and suggests after 2019 to fix the expenses of the budget system at the level of 34% of GDP, and at the same time change their structure.
• It is proposed to spend more money in favor of those who accelerate the growth of the economy. Now on the development of human capital - education and healthcare - in Russia is spent less than in other countries, more on defense and security - more.
• Kudrin proposes to change this by increasing state investments in the development of public infrastructure, reforms in education and healthcare-in total, such a budget maneuver will require additional expenses of 2-2.5% of GDP.
• You can find money by softening the budget rule and reducing the inflated costs of safety and defense - for example, due to the reduction by a quarter of the number of employees in the law enforcement system and cutting the defense costs from last year’s 4.4% of GDP to 2.8%.
• There are also plans to increase the retirement age and develop the funded voluntary pension insurance systems.

Rosgosstrakh went for debts

As reported by The Bell, the sale of Rosgosstrakh and other assets to the Otkritie group did not bring nothing to the largest shareholder of the insurer Danil Khachaturov. Initially, the transaction suggested that Khachaturov would receive a share in the united company “Otkrying Holding”. “I have no and will not have a share in the capital“ Opening the holding ”. So we agreed, ”Khachaturov quoted “ Vedomosti ”. Since the beginning of 2017, the “Opening” has invested about 60 billion rubles in the unprofitable Rosgosstrakh, and at the end of August the entire financial group fell under the reorganization of the Central Bank.

Durov and guests from the FBI

The founder of Telegram, Pavel Durov, told The Baffler about how the FBI employees demanded that he and his employees provide a “black move” to the messenger and information about its structure. Agents not only interviewed Durov at airports when visiting the United States, but also came to him for a rented apartment rented through the Airbnb service. The reason for their interest was the FBI officers called the fight against terrorism.

Now in Canada

The geography of the trial of Russia with former shareholders of Yukos is very wide, RBC discovered a new front - Canadian. There, one of the companies associated with the former owners of Yukos and its managers tries to sue $ 700 million from Russia.

All in Yuan

Despite the geopolitical stress in East Asia due to Nuclear tests of the DPRK and the threats of Donald Trump, the Chinese currency invariably grows on every bad news. Yuan is growing exactly the same pace as gold, and analysts call it a new protective asset.

Youth in trend

The young generation drew attention not only to the presidential administration (after that, Putin began to regularly hold events related to youth), but also in large business. Sberbank signed a contract with the music label of the artist and businessman Timati Black Star, Writes Vedomosti. The company should help the bank in the promotion of the Deibetova Mastercard youth card. The face of the advertising campaign will be the popular singer Yegor Creed, popular among high school students: Sberbank recorded the single “This is mine” with him, the premiere will take place today.