The president deems it necessary to reform the entire budget network. "Only a balanced budget system can guarantee state obligations," added the president. "This is important, including for an efficient social policy - a policy that can become an effective factor of economic growth," noted the head of state.
Mr. Putin stated the need to diversify the economy and get rid of non-competitive productions. "Obviously, only a diversified economy can remain stable for a long term," said the head of state.
According to him, an economic environment responsive to innovations and new technologies should be created. "An environment that would secure a decent place for Russia on the global market," stressed Mr. Putin.
He pointed out the need for a consistent decrease in the inflation rate and the ruble's complete convertibility. According to him, "a relevant macroeconomic policy remains the most important regulating function of the state, but direct administrative participation in the economy should be reduced." The president believes that despite all the measures to de-bureaucratize the economy, such participation is excessive today.
Mr. Putin thinks that the administrative reform is a means and method for accomplishing the most important economic and social tasks. The head of state pointed that today's board was the first after the large-scale government reorganization was completed. "I hope that the executives' optimization will improve your work and the quality of public services for the population," said the head of state.
He called for urgent and necessary amendments to legal acts, including the regulatory base of the regional branches of the federal departments.
