Russia: The programme of the anti-crisis measures of the Russian Government - 2009
Description
On 19 June 2009 the Government of the Russian Federation had approved certain measures of support to the industries which are considered perspective from the import-substitution and increase of domestic demand. Those industries are agriculture, construction, food and textile industries pharmaceutical industry as well as car industry.
Agriculture
Subsidies in the agriculture and fishery sectors in 2009, as envisaged by the Government Anti-Crisis Plan, will total 212 billion rubles (5 billion Euro), almost 45% more than in 2008. Other 95 billion rubles will be provided by the Russian regional governments. These are to include subsidizing of 100% of CBR refinancing rate for banking credits to meat and milk producers, and additional capitalization of Rosselkhozbank (45bn roubles = 1bn Euro) and Rosagrolizing (25bn ruble = 0,6bn Euro), which grant lax credits to framers and organize leasing of agricultural machines and equipment.
Car industry
39 billion rubles (0,9 bn Euro) in additional subsidies for the automotive industry envisaged by the Government Anti-Crisis Plan for 2009 was approved on 19 June 2009.
The upper limit for price of locally produced cars subject to state subsidies (2/3 of CBR refinancing rate for banking credits to individuals) is raised from 350 thousands rubles to 600 thousands rubles (foreign cars assembled in Russia partly included) - total 2 billion rubles (46 million Euro).
Government procurement of the car production in 2009 is planned to reach 12,5 billion + 20 billion = total 760 million Euro.
Government will subsidize also loans for the car industry from the Russian banks for technical restructuring of the production - 2,5 billion rubles (58 million Euro)
Subsidies are also to cover costs of transportation by rail of locally produced cars (including some foreign cars assembled in Russia) - 2 billion rubles (46 million Euro).
Military-industrial complex
Military-industrial complex, according to the Government Anti-Crisis Plan, is t receive 969 billion rubles (22,6 billion Euro) in subsidies in 2009, or 38% more than in 2008. Subsidies are to boost capitalization of the leading firms, such as MiG, Gorbunov and Khrunichev. Other subsidies are to prevent bankruptcies of enterprises producing weaponry.
Timber processing complex
325 million rubles (7,6 million Euro) are allocated in 2009 in order to subsidize interest rates on banking credits for the wood sector, and to create seasonal reserves of rough wood and fuels.
Any Evidence-Based Deliberation:
| Question | Result |
|---|---|
| Is there anything in the public record to suggest that evidence of the effectiveness of the proposed measure was considered during official deliberations? | |
| Is there any evidence that alternatives to the proposed measure were considered? | |
| Is there anything in the public record that suggests that empirical evidence informed the comparison across the alternatives available to government? | |
| Was such evidence identified? | |
| Is such evidence publicly available? | |
| Did the official decision-maker in question provide an explanation as to why a chosen measure was favoured over alternatives? | |
| Is there any evidence to suggest that potentially affected trading partners were consulted before the measures were taken? | |
| Is there any evidence that safeguards have been put in place to ensure that implementation of the initiative is transparent and non-discriminatory? | |
| Did the government state its intention to review the measure within one year of implementation? |
Date Discovered:
Implemented: Yes
Date of inception: 19 Jun 2009
Duration: 7 months
GTA Evaluation: Red
Related Measures:
Source:
The programme of the anti-crisis measures of the Russian Government - 2009. Available from < http://www.government.ru/content/governmentactivity/antikrizismeriprf/ >
Government Response:
- 577 reads
