Most of the state support for trillion rubles will go to large business - Forbes

On Thursday, the government can represent the second package of anti -crisis measures, writes Forbes. Its size can amount to about 1 trillion rubles, confirmed the publication, but most of the money will receive a large business from which employment will be required in exchange.

What's happened?

To support the economy, the government will allocate about 520 billion rubles from the budget, another 430 billion will go to the state guarantee business, writes Forbes with reference to three sources. In total, the same trillion is obtained, about which Bloomberg wrote about on April 10. Most of the second package will go to support a large business, today was told by The Bell one of the federal officials.

How to share a trillion

Most of the money will go to support large companies that will be included in the list of system -forming (it has already been expanded from 200 to 646 companies, but now they are being reviewed). Most of the trillion will go to:

• Subsidizing 6% of the loan rate for the year system -forming enterprises and the provision of state guarantee of 50%. Only those companies that save jobs will receive support;
• reducing the amount of security for state contracts and increasing advance payments for public procurement to 50% of the contract amount;
• support for industries (construction, air transportation, automobile and light industry);
• Support for import substitution programs in industry.

About 300 billion rubles are planned to be allocated to support the population :

• The state can allocate 153 billion in May and in June to injured organizations for the payment of wages - however, again in the amount of not the actual salary, but one minimum wage per employed;
• Another 130 billion, in addition to already allocated money, can go to salary lending for medium and large enterprises.

The most modest part of the package - about 100 billion rubles - is intended for small and medium -sized businesses :

• 20 billion rubles may be used to ensure that the companies receive a deferral for six months to pay insurance premiums (applies to companies in the affected industries);
• 67 billion - to expand the list of injured industries and include non -food goods in their scope;
• The state plans to allocate up to 20 billion rubles to provide shopping centers for taxes and insurance premiums for six months.

Read also “at the expense of business, they solve the problem with quarantine”: who will win and lose from Putin's anti -crisis measures

It is a lot or little

On April 14, President Vladimir Putin said that the authorities will allocate 1.2% of GDP to combat the economic consequences from coronavirus, that is, a little more than 1.3 trillion rubles. About the same amount was previously called Mikhail Mishustin, saying that such expenses are reserved for the fight against coronavirus and support for the economy.

The first anti -crisis package was represented by parts in March. The main measures in it were:

• reduction of insurance premiums for small businesses;
• a moratorium on checking the Federal Tax Service;
• suspension of bankruptcy;
• half -year postponement on taxes, except for VAT;
• preferential loans of state banks for paying salaries (limited to 1 minimum wage);
• Vacations by mortgage and consumer codes in the fall of human income by 30%;
• Increase in unemployment benefits to 1 minimum wage.

Russian economists believe that trillion will clearly not be enough. In order to prevent the economy into depression due to the coronavirus epidemic, Russia must allocate 4-10 trillion rubles for its support, spend half the FNB and launch a quantitative softening program-that is, the authors of the released Liberal Mission of the Koronakrisis-2020, published today. Sergey Guriev, Konstantin Sonin, Oleg Vyugin and other famous economists participated in its compilation.

Read also economists invited the government to give citizens and business up to 10 trillion rubles

The approved measures are not enough, the federal official agrees. A week ago, the sources of The Bell in the government said that there is a consensus between the Kremlin and the government - “do not shoot reserves” . However, at that time a plan was discussed in which the government will not allocate live money to support the economy at all - 300 billion rubles above the approved fund, they claimed.