Resolution of the Russian Government No. 316-p of 15 April 2014 introduced the state program "Economic development and innovative economy" ('State Programme') up until 2020.
The main goals of the programme are:
- Creation of conditions for attraction of investments into economy of the Russian Federation;
- Creation of a favourable competitive environment;
- Increased entrepreneurial activity and the development of small and medium enterprises;
- Elimination of excessive regulation and undue political interference in the operations of economic entities;
- Increasing the availability and quality of public and municipal services;
- Effective functioning of natural monopolies and improving the system of state regulation of tariffs;
- Formation of the knowledge economy and high technologies;
- Improvement of the state policy and realization of the state functions in the sphere of land relations and real estate turnover, geodesy, cartography and spatial data infrastructure of the Russian Federation;
- Improvement of the quality of public and municipal management;
- Improvement of the collection, processing and providing of statistical information.
The state programme includes the following sub-programmes:
- Formation of favourable investment environment;
- Development of small and medium enterprises;
- Creation of favourable conditions for the development of the real estate market;
- Improvement of state and municipal management;
- Stimulation of innovation;
- Effective functioning of natural monopolies and other regulated organisations and the development of incentive regulation;
- Personnel for innovation economy;
- Improving the system of state strategic management;
- Formation of official statistical information;
- Creation and development of innovation center "SKOLKOVO";
- Federal target program "Development of unified state system for registration of rights and cadastral registration (2014-2019)".
The total volume of state subsidies from the federal budget for implementation of the State Programme are 929 billion RUB (ca. 26 billion USD). According to the projected budget, these funds shall be allocated in roughly equal amounts across the years up until 2020.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.