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. Last Updated: 07/27/2016

Plan to Double Growth

MOSCOW -- President-elect Vladimir Putin's long-awaited economic program will aim for doubling the nation's gross domestic product within 10 years and trimming the government's role in the economy, one of its designers said Sunday.

Alexei Ulyukayev, an economist with the Center for Strategic Research, which Putin formed to put together his long-term economic policy, said a key goal of the plan would be increasing average personal incomes.

Speaking on RTR television, Ulyukayev said the economic program would aim at increasing the average family's monthly purchasing power from the current $100 a month to $250 a month.

Ulyukayev said Putin's economic plan would reduce direct government influence in the economy, except in social services and infrastructure. He said the government "should flex its muscles" in enforcing law.