Prime Minister Vladimir Putin chaired a Cabinet meeting
"Obviously, one of the major anti-recessionary tools is federal budget funds. We must effectively allocate them to back solvent demand in the economy, and to ensure unqualified fulfillment of social liabilities, including timely payment of state-paid employees' wages, pensions, and benefits."
Events for 26 november 2008
Vladimir Putin chaired a meeting of the Government’s Council on Competitiveness and Entrepreneurship
"Efforts to streamline the sphere of competition are called on to improve Russian economic patterns, to facilitate the more effective performance of its sectors and separate enterprises, to provide substantial incentives for reducing outlays and improving the quality of our goods and services and developing small and medium businesses."
“This is an ambitious goal,” he said. “However, we plan to attain it by increasing R&D expenditures to 3% of GDP in 2020 from 1.12% in 2007, and also by dramatically increasing the results attained by fundamental and applied research and design projects.”
“We have created a substantial budget stability and safety cushion. It will last for over three years,” Mr Kudrin said.
