Mishoustin declared failure of North Caucasus Development Program

The North Caucasus development program did not give tangible results. This was stated by the Prime Minister of Russia Mikhail Mishoustin, writes RIA Novosti.

He noted that the current mechanisms for supporting investment projects were not justified. Including because of this failure, the authorities optimized the development institutions that are responsible for the Caucasian direction. “In the Far East, every ruble of budget funds brings more than 30 rubles of private investments, in special economic zones – almost 2.5 rubles, and in the North Caucasus – 50 kopecks,” the prime minister stressed.

The main economic indicators of the development of the subjects of the North Caucasus are lagging behind the All-Russian, this also applies to the GRP (gross regional product) per capita and investment in fixed assets, Mishoustin said. In addition, the unemployment rate, for example, more than 2.5 times higher than the average level of the country. Prime Minister urged to discuss new investor support mechanisms.

The Russian government has previously extended the state program for the development of the North Caucasus for five years, now it should be completed not in 2025, but in the 2030th. Invest in the region in these deadlines are supposed to be another 196 billion rubles.

The Institutes of Development of the Northern Caucasus During the work since 2014, about 73 billion rubles received from the budget, but remained unprofitable and did not even approach the achievement of the goals and tasks. Accounting Chamber came to this conclusion.

previously became known that the head of Chechnya Ramzan Kadyrov became the richest governor of Russia. In 2020, he earned 381.1 million rubles.

/Media reports.