AFP, Moscow :
Russia may not have enough money to implement planned anti-crisis measures, Prime Minister Dmitry Medvedev warned Wednesday, asking ministers to make revisions.
Russia makes half of its revenue from oil and gas and the steep drop in oil
prices risks plunging the country into a second consecutive year of recession as
budget revenues fall. “We will be extremely careful in spending, because we may simply not have enough money for all the areas,” Medvedev said at a meeting with ministers and
top officials on social and economic policy.
“We need to take exceptionally considered decisions,” he added. As the ruble at the end of last month reached its lowest value ever against the dollar, the government announced a package of measures to support the economy, to be implemented promptly. Since then, Russian media has published a number of the measures expected to be adopted and the government has held further meetings without a final decision being taken.
On Wednesday morning a number of newspapers reported that officials were set
to present a new version of the “government action plan for economic and social
stability” to Medvedev and President Vladimir Putin. The latest plan calls for 828 billion rubles ($10.5 billion) to be given to the auto industry.
