#9 - JRL 7066
DRAFT PROGRAMME OF RUSSIA'S SOCIAL AND ECONOMIC DEVELOPMENT IN 2003-2005
MOSCOW, FEBRUARY 17, 2003. /FROM A RIA NOVOSTI CORRESPONDENT/--In 2003-2005, the Russian government will focus on the need to accelerate diversification of the economy's structure, to increase the share of industries with a high added value, and to encourage growth of technologic exports.
These goals are stated in the preliminary version of the draft Programme for Russia's medium-term social and economic development /2003-2005/, that was posted on the Russian government's official web-site on Monday.
The Programme aims at forming a model for the Russian economy that would have "a long-term potential of dynamic growth, able to ensure gradual increase of the population's well-being, efficient reproduction and modernisation of production facilities, strengthening of the country's competitiveness and security," the document reads.
To achieve these goals it is necessary to complete institutional and structural reforms to reach stable high tempos of growth /7-8 per cent annually/ in 2007-2015.
At the same time, the government gives priority to such directions as a radical increase in export of finished goods, the flow of capital from primary to processing industries and an increase in direct foreign investment.
If the current tempos and structure of growth remain, Russia will not be able to achieve acceptable living standards in the coming 10 years, the document points out. "During the next few years to come the economic growth in Russia may be achieved on condition of a favourable foreign business environment, but after 2006, because of exhausted inner sources for development, there will be an inevitable slow-down and even recess," the programme reads.