Template-Type: ReDIF-Article 1.0
Author-Name:Sergey Zhavoronkov
Author-Name-First:Sergey 
Author-Name-Last: Zhavoronkov
Author-Workplace-Name:  Gaidar Institute for Economic Policy
Title:  MAIN POLITICAL AND ECONOMIC EVENTS OF FEBRUARY 2016
Abstract:  In February 2016, the RF Government actively discussed its anti-crisis plan and reached a consensus to the effect that the automotive and housing construction industries, as well as non-raw material exports and agriculture, should be subsidized from the budget. At the same time, the Government failed to strike a balance between its good intentions and budget revenue. To
further complicate matters, the anti-crisis plan omitted the issue of the debt of Vnesheconombank, whose head Vladimir Dmitriev resigned in mid-February. It should also be noted that in January and February 2016, oil prices were twice lower than those envisaged in the budget. As a result, the Government came to the decision that in April 2016 the budget should be considerably revised. As a matter of fact, the Government did not discuss any specific cuts in budget expenditure, while its privatization plans were encumbered by a number of conditions that could hardly attract many bidders. In a separate development, in Syria, where Russia had become engaged in an aerial campaign against the Islamic State terrorist organization, the government of Bashar al-Assad and some of the armed opposition groups announced that they had reached a truce deal. However, neither a political nor a military solution
to the Syrian crisis appears to be in the offing.
 Classification-JEL:  K0,  K1,  K4,  D73,  D74 
Keywords:   THE POLITICAL AND ECONOMIC RESULTS
Journal: Russian Economic Developments, Russian Economy
Year: 2016 
Issue: 3
Month: March
Pages: 2-6
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/702Zhavoronkov.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:702