Russia should launch a new investment cycle, investment growth should be at least 5% annually - Vladimir Putin

In his address to the Federal Assembly, President Vladimir Putin formulated strategic goals for the development of the Russian economy.

"We need to change the economy structurally so that the growth rates are higher than the global ones. We need to invest money in creating new jobs. The annual increase in investments should be at least 5%," the President emphasized in his Message to the Federal Assembly.

In the Omsk region, in the first nine months of last year, the volume of capital investments invested by enterprises in comparable prices increased by 75.8% and amounted to 131.2 billion rubles. In the structure of investments, 90.2% are companies' own funds, and 9.8% are attracted. The formation of positive dynamics was ensured by manufacturing industries. Investments in this industry increased 2.3 times compared to the same period in 2018, their share amounted to 75.9%.

By the way, to date, the list of significant investment projects implemented in the Omsk region includes 33 projects in industry, the fuel and energy complex, agriculture, logistics, transport infrastructure and the provision of hotel services. Their implementation will not only increase the volume of tax revenues, but also ensure the creation of new jobs.

In addition, regions will be helped to stimulate business investment activity.  Nikolai Kravchenko, co-chairman of the ONF regional headquarters and Hero of the Soviet Union, considers the initiatives announced in Vladimir Putin's Message to be timely and verified.

"The budget of the Russian Federation is in surplus. There are reserves that can be used, first of all, to solve demographic problems: to increase maternity benefits, to create additional places in kindergartens, to build new schools. Vladimir Vladimirovich Putin spoke about all this and set the main tasks that we must implement this year and in the future.  We have the financial means to do this. Good prospects are opening up. Gradually, we will reach a decent level of housing provision, and mortgages will decrease. It is up to 6 percent for large families. Today, the country's budget has opportunities that will be used for the benefit of people and the development of the social sphere in our state," Nikolai Kravchenko said.

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