Putin to Receive New Economic Reform Plan
Russian officials are preparing to present a new economic reform program to Vladimir Putin, aiming to shift from state-driven growth to private investment-led development amid declining growth and exhausted traditional stimulus measures.
Consensus
- A new economic reform program will be presented to Vladimir Putin.
- The program is being prepared by the 'Third Rome' center, affiliated with RANHiGS and led by Maxim Oreshkin.
- The program proposes a shift from state-driven investment to private capital as the main driver of economic growth.
- The program is based on seven pillars focusing on regional development, AI, infrastructure, education reform, and capital efficiency.
- The presentation is scheduled for August 19.
- The current economic growth is below target, with investment declining and previous stimulus measures exhausted.
- The goal is to achieve 3% annual economic growth and achieve a zero structural budget deficit by 2029.
Points of divergence
- The program acknowledges that the previous sources of growth—such as export megaprojects, budget injections, subsidized mortgages, import substitution, capital repatriation, and labor market inclusion—have nearly been exhausted. — novaya_eu
- The program's timeline implies expectations about the end of the war by 2029. — novaya_eu
- There are two economic restart plans: one government-led, presented by Vice-Prime Minister Alexander Novak, and one from the think tank led by Maxim Oreshkin. — thebell
- The government's 2026 forecast predicts only 0.4% GDP growth and a further 1.5% decline in investments. — thebell
- Putin is dissatisfied with near-zero growth and has demanded a new investment cycle. — thebell
Coverage (6 sources)
- Old new plans to revitalize the economy, $40 trillion US debt and how crypto was regulated — The Bell
- Putin to be presented with a program of economic reforms. In it, it is acknowledged that previous state incentives are almost exhausted, and the emphasis is proposed to be placed on private capital — Новая газета Европа
- Putin offered a new economic program based on private capital — Дождь (Telegram)
- Putin will be presented with a new economic program — Дождь
- Economic program for Putin from Orekhin, what Iran threatens Europe with and new consequences of the fuel crisis — The Bell
- Putin to be presented with a plan for economic reforms based on private capital — Коммерсантъ
Key entities
- Vladimir Putin
- Expert
- Maxim Oreshkin
- Russian Presidential Academy of National Economy and Public Administration
- Third Rome
- USA
- Iran
- Russia
- Europe
- Alexander Novak
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