Home / Economy / Putin called for structural reforms of the economy

Putin called for structural reforms of the economy

 
Путин выступил за проведение структурных реформ экономики

Vladimir Putin
Photo: Globallookpress.com

Russian President Vladimir Putin during a meeting of Economic Council was set a task to carry out structural reforms of the economy. However, he stressed that it is important to prevent the growth of the budget deficit and acceleration of inflation. On Wednesday, may 25, reports TASS.

 

In addition, the President proposed during the year-one and a half years to hold a series of discussions at the site of the Presidium of the Economic Council.

The advantage of the presidency — in the presence of different points of view, and a monopoly on the truth in economic discussions no, said the head of state. “I ask everyone during our meetings possible to get away from ideological preferences, not confined within the framework of certain theoretical concepts and constructs, and to be guided by pragmatic approaches, focus on developing realistic and objective decisions”, — quotes Agency of his word.

He also noted that economic growth does not resume by itself. Need to find a new growth point, otherwise, GDP growth will be around zero, said the President.

The meeting of the Economic Council under the President of Russia took place on 25 may. Earlier it was reported that their program for reforming the economy will offer the representatives of the Stolypin club, the head of the Center for strategic research, the ex-Minister of Finance Alexey Kudrin and Minister of economic development Alexei Ulyukayev.

Russia’s GDP in the first quarter of 2016 decreased by 1.2 percent. In 2015, the Russian economy contracted by 3.7 percent.

Check Also

Will America manage a soft landing in 2024?

Policymakers rarely bring down inflation without a recession. This time they might Could 2024 be …