Kudrin offers to “stand” and not to develop, for him the main guidelines for inflation of 4% and the budget deficit – not more than 1% of GDP. We understand that this financial “squeeze” and not moving forward, it is a continuation of the old economic policy, said the business Ombudsman Boris Titov, “Interfax”.
“The project Kudrin will not even lead to stagnation and the degradation of the country. We now have stagnation, which lasts for six consecutive quarters, and negative growth. Here if we do not make major economic decisions, the standard of living in the country we find ourselves in the middle of 90-ies. Currently, in dollar terms GDP per capita – our country corresponds to the 60-70-th years, which is equal to the level of development of the Congo.
The main meaning of the “Strategy growth (Titov and Glazyev – approx. CU): benchmark not the stability of the economy and its growth. That is, the active economic policy of the state that will focus on the growth of GDP. For example, in the United States is the program of quantitative easing, which was adopted during the crisis of 2008-2009. They had also their “Kudrin” was. There was a serious discussion: keep old financial policy, tighten their belts and wait for the recession to end, or try to escape from him, holding the easing, giving the business to grow by lowering taxes – that is, to do everything possible to the business withdrew the country out of crisis. In all the countries won by those who adhered to the policy easing. We offer the same option.
In our program in the first place, monetary policy. We offer to send $ 30 billion in long-term loans to the flywheel of the economy has not stopped, continued to move, and we’d be out of the crisis. No economy without credit cannot develop. Today very high interest rates on loans and no way to attract “long” money.
Tax incentives for business. For example, if the enterprise buys new tech equipment, then 25% of the cost of this equipment can be deducted from the payable enterprise taxes. Or, the company creates high-tech jobs and pays reduced social tax not 30%, and 14%.
You also need all the taxes brought into line with international standards, when the taxes of the enterprise for the production below, and taxes on natural resource rents is higher.
The President has instructed us to move from concept to strategy. Its program we must submit to the economic Council under the President in December.
Yes, now the budget deficit, but nothing wrong with that. It is necessary to develop economic policies that will allow to earn in the non-oil sector. We need to develop a credit policy. All live in debt. In many countries take a loan, the business is growing, then the money is returned. Our old paradigm says that all the Finance you need to keep firmly, that in no case do not need to borrow that the most important is the fight against inflation. But in the crisis after the fall in oil prices have another way to conduct economic policy.” Photo: AP
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