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Structural reforms required for increasing Russia’s private sector — IMF

July 28, 2015, 19:18 UTC+3 WASHINGTON
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WASHINGTON, July 28. /TASS/. Structural reforms are required for increasing Russia’s private sector and its balance with the public sector, the International Monetary Fund (IMF) said in its 2015 External Sector Report (Individual Economy Assessments) published on Tuesday.

"The nonoil fiscal deficit remains significantly higher than its long-term desirable level and needs to adjust to facilitate a rebalancing from public to private activity, and a re-allocation of government expenditure from current to capital spending," the IMF reported.


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