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Strategies & Market Trends : Investment in Russia and Eastern Europe
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To: Real Man who wrote ()5/7/1998 1:22:00 PM
From: Real Man   of 1301
 
The new government starts to act...
MOSCOW (Reuters) - Russia's new government can revive the
economy if it implements a series of concrete measures within
100 days, RIA news agency quoted Deputy Prime Minister Boris
Nemtsov as saying Wednesday.
He said a plan consisting of about 60 points had been
discussed at a meeting with Prime Minister Sergei Kiriyenko late
Tuesday.
The plan would focus on paying wage and pension arrears,
which plagued the previous government of Viktor Chernomyrdin and
ultimately contributed to its demise on March 23.
Nemtsov said other priorities included rational use of
budget money and an effective industrial policy.
The proposed measures, cited by Russian news agencies,
included cutting tariffs for the services of the so-called
natural monopolies -- mostly utilities and transport.
The plan also called for lowering of taxes on industrial
enterprises, privatizing state property and investing state
funds more efficiently.
Federal budget revenues will be boosted by fees paid for the
development of Russia's mineral wealth and for the use of
wireless frequencies.
Tough state control of the alcohol market would yield
additional budget resources.
RIA quoted Nemtsov as saying the measures, if implemented
within 100 days, could give positive results immediately.
Yeltsin has called for decisive action in tackling economic
problems by the new government, which took on a distinctly
reformist technocratic shape with appointments last week.
Nemtsov, who will oversee reforms and also Russia's gas,
electricity and transport monopolies, was one of Russia's
leading reformers in the previous government.
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