By Vladimir Putin chaired an expanded meeting of the Government of the Russian Federation.
The meeting discussed the guidelines for the Government's performance through 2018.
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PRESIDENT OF RUSSIA VLADIMIR PUTIN: Good afternoon, colleagues,
Last year we outlined a strategy for our activities in the long term. We identified our priorities and targets in the documents and executive orders you are familiar with, as well as the pre-election articles and some Government documents. The work is already under way. I spoke of this in the Address to the Federal Assembly and the Budget Address.
Based on these guidelines, the Government's task was to develop a detailed plan of actions, taking into account all economic and foreign policy factors, new challenges and new opportunities, and linking together the state programmes and sectoral and regional strategies.
The draft guidelines for the Government's activities through 2018 have been prepared. Mr Medvedev and I discussed them yesterday and we will review them together today. We will be implementing our plans in difficult conditions. It is clear that there can be no return to the pre-crisis development model, the pre-crisis growth model. This is true for Russia and the rest of the world. Unfortunately, and I want to draw your attention to this, although we understand this and often talk about it, yet we continue to rely on the old criteria.
A steady increase in consumer demand in the developed economies - the United States and the European Union - generated growth for the global economy over a long period of time. Now these mechanisms are failing. To spur demand, the developed economies, burdened with debt, have been trying to use methods that they themselves criticised in the past - I wanted to say "non-standard" methods but basically these are fairly common approaches: they are resorting to emissions, printing money. It is not clear what consequences this may have for the future of these countries and for the global economy in terms of the economic health of the Eurozone and the North American continent.
We must also bear in mind other factors that are changing the global economic landscape. They include rapid growth of the regional markets and significant technological changes taking place all over the world, including in countries that are now faced with the difficulties that I have mentioned. This also includes the re-industrialisation policy and job creation, which are being launched in many developed economies. The goal is to restore production, which was earlier relocated to Latin America and Asia. All of this directly affects the future of our development.
Naturally, we must not just go with the flow, passively waiting for the situation in the global economy to unfold. We must be proactive and look for new approaches. Again, if we want to be competitive and successful in addressing social issues and challenges, Russia's economy should grow at a faster rate than the world economy.
To be continued.
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