Source Pravda.Ru

Premier believes Russia's economy is boosting

The pace of Russia's economic development in 2004 will reach 5 per cent, Russian Premier Mikhail Kasyanov disclosed.

When speaking at a cabinet meeting on Thursday, the Premier recalled that the current economic growth was estimated at 4.5 per cent.

Kasyanov also hopes that in 2004 the government will manage to cut inflation in the country to 10 per cent.

"If we succeed it will be great progress," the head of the Russian government stated.

The Premier explained that lower inflation would give a powerful impetus for economic growth and larger income base. It means that the country is currently reaching a new, higher level of economic development, Kasyanov said.

At the meeting of the Russian government on Thursday the ministers discussed main characteristics of the 2004 federal budget. According to Kasyanov, a budget is "a concentrated expression of a country's economic policy". Therefore, it took the cabinet time to develop measures of its implementation in 2004. According to Kasyanov, the government has decided that the taxation and budget areas will influence the economy by lower taxes in order to increase the growth in industrial processing sectors.

Comments
Putin sets Merkel against Trump. She doesn't mind
Putin sets Merkel against Trump. She doesn't mind
Ukraine dreams of what it can do to Crimea after winning war with Russia
US-Russian confrontation: War is peace, freedom is slavery
Default more likely to hit American, rather than Russian economy
Russia refuses to build helicopter carriers, but considers aircraft carriers
Pilot shares his impressions after flying Su-57 fifth-generation fighter
Turkey desperately tries to rescue its national currency as it falls to all-time lows
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Terrorists attack police officers in Chechnya in a series of poorly prepared acts
Russia Must Die - The Deep State has Spoken
Oil prices may fall as USA saves record oil reserves
Putin sets Merkel against Trump. She doesn't mind
US-Russian confrontation: War is peace, freedom is slavery
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Israel makes final warning to Iran
The ayatollahs now fear the collapse of the Iranian economy
North Korean government warns people of severe famine
Israel makes final warning to Iran
Putin sets Merkel against Trump. She doesn't mind
Ukraine dreams of what it can do to Crimea after winning war with Russia