The Russian authorities managed to stabilize the economic situation in Russia, said at the Congress of “Business Russia” the President of the country Vladimir Putin. The purpose of the stabilization of the economy – achieving sustainable growth, said the head of state.
The main objective of stabilizing the economy
“Of course, I could not agree with the President that the final objective of macroeconomic and social stabilization should be considered a steady, sustained economic growth. It is both a condition and an essential tool to ensure the socio-economic stabilization, – said in an interview with journalist BAFS “the Economy today” the Academy of natural Sciences, Deputy Chairman of the Department of resource conservation and renewable energy the Academy of natural Sciences Konstantin Andrianov. – However, the current macroeconomic and socio-economic situation in the regions and the country as a whole is far from steady state. Unfortunately, the most important indicators of socio-economic development of the country – level industrial production and the dynamics of real incomes of the population – are in the red zone. Still a drop in these key indicators. So, of course, in the current environment of stable macroeconomic situation in the country can not speak”.
Earlier on Tuesday, speaking at the Congress of Russian public organization “Business Russia”, President Vladimir Putin said on stabilization of economic situation in Russia. In turn, now, to achieve sustainable growth of the economy need to find new tools to enhance the effectiveness of launching government support measures. Among them, the promotion of exports, greater availability of credit resources and the transparency of relations between private business and state-owned companies.
How to boost the economy of the Russian Federation
According to Konstantin Andrianov, to change the position of Affairs in the country, it is primarily necessary to ensure the availability of credit resources. “Currently, with a ten percent key rate of the Central Bank have the level of interest rates on loans for Industrialists and farmers comes to 30%, and often higher. There is a problem of credit availability for the consumer sector. Of course, prohibitive, prohibitive for sustained economic development, the level of interest rates on loans, and high inflation is a significant obstacle to the recovery of the economy and giving it a trajectory for steady growth”, – said Konstantin Andrianov.
Of sectors of the Russian economy now looks the most promising agriculture, tourism, energy and construction. “Agriculture is out of the red zone and shows may be small but the green shoots. Of course, in the green area is energy, revives the tourism and construction sector. But of critical concern to the negative situation in the industrial complex. In the manufacturing industry the situation is far from ideal. Moreover, there are sectors where the decline continues at the level of two-digit values, such as passenger automotive. Here we don’t even have suspended negative roll in development. The reason is insufficient level of state support for industrial production and the very high price of credit resources. And without Finance, as we understand it, there is no development”, – concludes the expert.
