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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Haim R. Branisteanu who wrote (223029)	2/20/2003 8:35:17 PM
From: Haim R. Branisteanu	of 436258

Cabinet Approves Plan For 8% GDP Growth By Valeria Korchagina Staff Writer The Cabinet on Thursday gave preliminary approval to an economic development plan that envisions removing the country's overdependence on oil exports and boosting economic growth by 7 percent to 8 percent yearly from 2008. According to the plan, drawn up by the Economic Development and Trade Ministry, the government would lower taxes on the manufacturing, agricultural and service sectors. "We must apply such measures ... so that, without lowering the growth rate in sectors where it is already high, we can secure the development of the industry and service sectors, achieving a consolidated rate of 7 percent to 8 percent" GDP growth, Prime Minister Mikhail Kasyanov was quoted as saying on the government web site at www.government.ru. The plan envisions GDP growth of 5 percent per year until 2008. themoscowtimes.com

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