Russia to draft anti-recession plan for 2016

Source:Xinhua Published: 2015-11-11 15:20:57

Russian Prime Minister Dmitry Medvedev has said that the government will have to draft an anti-recession plan in case the economy deteriorates in 2016.

"If conditions deteriorate -- and as reasonable people who are responsible for the national economy, we must consider all scenarios, even worst-case ones -- we'll have to draft an anti-recession plan for 2016," said Medvedev in an interview with Rossiyskaya Gazeta newspaper recently.

He also noted that one of the main objectives of the plan was supporting small companies and reducing taxes for small- and medium-sized ones.

"For this we prepared a number of measures," he said.

Medvedev said that living under an anti-recession plan was simple, because you had a certain amount of money and couldn't expect more. He added that if the situation remained unchanged, the government would stick to a regular plan.

Noting that the anti-recession plan for 2016 includes measures to stabilize economic and social development, he said that there are already 60 paragraphs but it could be changed depending on the situation.

Posted in: Europe

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