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Russia: Government Agrees On Plan To End Economic Crisis

Moscow, 21 November 1996 (RFE/RL) - The Russian government agreed on a broad plan aimed at ending the economic crisis and stimulating growth.

Prime Minister Viktor Chernomyrdin told a cabinet meeting in Moscow that the plan "is the fundamental, basic, main document around which our whole economic universe will spin."

However, details of how to achieve the planned economic growth have yet to be worked out.

Itar-tass quoted Chernomyrdin as saying that the plan "should be a direct continuation and realization of the ideas and policies of the president's four-year election campaign programme."

Chernomyrdin said the medium-term policy from 1997 to 2000 could be more significant than the dramatic free market reforms of the past four years. He said the aim of the plan was "economic growth through social accord and consolidation."

Ahead of today's meeting First Deputy Prime Minister Vladimir Potanin said the initiative aimed at reforming Russia's social, tax and military sectors. He said that among other things, the plan aims to increase revenues while also cutting tax pressure on industry and gradually shifting most of the tax burden to individuals.

Chernomyrdin chaired the cabinet meeting before presiding over the first meeting of the new Consultative Council set up by Yeltsin to coordinate work between the executive and legislative branches of government.