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Published: September 13th, 2016

Stolypin club headed by chairman of the "Party of Growth" Boris Titov on Tuesday, September 13 will present a plan of urgent measures for the resumption of economic growth at the expense of the budget, issue of the Central Bank and the public, wrote on Tuesday the newspaper "Vedomosti" that is acquainted with the text of the document.

Developed plan would be a preparatory stage to full-scale reforms envisaged medium-term program "Growth Strategy". The strategy itself will be ready in December, told the publication the authors of the plan. According to them, action can not wait for December, because "the economy is already at the bottom."

For the implementation of the plan 1.92 trillion rubles, financial support, 157 billion of tax breaks and savings on energy tariffs is needed, the newspaper said. . 1.4 trillion rubles, according to the plan of measures designed development institutions - the Industrial Development Fund, Development Fund monotowns Corporation SMEs and the Foundation for Assistance to agriculture and agency bad debt, which must be created. Another 520 billion rubles, We need to stimulate demand for domestic products.

The authors propose the public funds as a source of funding. That they did not flowed into the currency market, it is necessary to issue OFZ at 1 trillion rubles, to nominate them in rubles and pay at the rate of the ruble against the euro. The budget deficit should maintain (its size, still there are discussions), and to finance its external loans, to the document.

Another source of funding for the plan authors propose to make the Central Bank. It will need to reduce the key rate to 7-8% by the end of 2016, and if inflation decelerates to 4% in 2017, lower the rate to 5-5.5%. CB should target only the monetary inflation, should be engaged in a non-monetary government, the authors say. It is also proposed to limit the authority of the Central Bank on Banking Supervision. The regulator should not revoke licenses of banks, it should only take place in court.

The Stolypin club hope that if you start to have emergency measures in the fourth quarter of 2016, the effect will affect the second half of 2017.

Coordinate the process of economic recovery, according to the authors of the plan, should "The administration of growth" that is to be created, and directly subordinate to the president. It will deal with the strategy, in contrast to the government which control the current state of the economy.

The package of measures will be even further developed for the month, and will later be presented to the president, said the representative of Stolypin club.

Earlier, presidential aide Andrei Belousov, asked the head of state to rework the Stolypin club report. The Head of State wrote on the letter "I agree".

Source: RBC