Government discusses development forecast for upcoming year and 5-year plan
21 июля 2020
The GDP is forecast to grow by 3,5 %, according to the government. They considered documents for socio-economic development for a year and for the next 5 years. The situation in the economy has mostly stabilized, it's time to think about strategic development, Prime Minister Roman Golovchenko said. More than half of the economic growth is planned to be earned from the external sales: this requires a fresh export strategy with high-demand goods outside the country. The development of the regions is associated with new investments and production, which means new workplaces, as well as with solving the problems of inefficient state production. The agenda also includes cross-subsidization. As for the budget of 2021, the priority is given to the fulfillment of debt obligations and the financing of all social programs. All the documents with figures and measures should be ready by November.












