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Mishustin announced the need to attract 10 trillion rubles of private investment into the economy KXan 36 Daily News

Date: October 1, 2023 Time: 15:10:33

On behalf of the president, the government is taking additional measures that will help increase the amount of private funds attracted to projects for the production of priority industrial products, Mishustin said. According to him, the total amount of investments for eight years should be at least 10 trillion rubles, including 2 trillion or more this year.

The Prime Minister added that at the end of March this year, the cluster investment platform mechanism was launched, which provides for the provision of long-term loans at a reduced rate, reports TASS.

The government expanded the program for the provision of state guarantees to support the industry, which should increase the attractiveness of investments to solve urgent problems. In addition, the industrial mortgage program for the construction, modernization and reconstruction of the factory facilities has been expanded, Mishustin added.

According to the forecast of the Ministry of Economic Development, the Russian economy will grow by 1.2%. This will allow our country to become one of the leaders in this indicator among developed countries, the head of the department Maxim Reshetnikov said earlier. The main source of economic growth will be consumer demand due to a 4% increase in household income, the minister believes.

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

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