Page 5 - RusRPTAug19

National project spending to boost economic activity starting in the fourth quarter of this year. Reaching target will allow the Cabinet to soften its policy of fiscal prudence / consolidation and shift any surplus toward the funding of twelve national projects. As surpluses fund increase public spending, economic activity is expected to rise from 4Q19 onwards – estimated to boost GDP growth to 2.3% already in 2020.
5 RUSSIA Country Report August 2019 www.intellinews.com