Dmitry Medvedev instructed the Government to draft proposals for reducing compulsory social insurance payments as from January 1, 2012, at a meeting of the Commission for Modernisation and Technological Development of Russia’s Economy on March 30, 2011, in Magnitogorsk.
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President of Russia Dmitry Medvedev: Good afternoon, colleagues.
We are going to concentrate on just one issue today. It is an important and rather complex matter on which I issued an instruction at the meeting in Magnitogorsk. The deadline on that instruction is due now. You have all worked to try to come up with the optimum solution. The matter I am referring to is that of reducing the compulsory payments to the social funds, and the possibilities we have at our disposal in this area, given that we have received many appeals from businesspeople asking us to address this issue, as the current level of payments is creating difficulties for our business sector.
At the same time, we need to take into account too, the need to maintain a balance that will keep the funds working and able to help us resolve the social tasks we have before us at present.
This is the difficult task you have been given, and I want to hear your proposals now so that we can make a final decision on this matter. Let’s start work.