Russian, German top diplomats discuss humanitarian situation in Aleppo — ministryRussian Politics & Diplomacy October 25, 20:09
Russia moves up to 40th place in Doing Business-2017 rating — World BankBusiness & Economy October 25, 20:04
Russia hopes to receive roadmap from IPC on Paralympic membership soonSport October 25, 20:03
Lukoil warns about fake "namesake" company in UKBusiness & Economy October 25, 19:39
Russia keeps urging West to set up wide coalition against terrorismRussian Politics & Diplomacy October 25, 19:37
The farthest shore: peaceful images of Russia's Primorsky KraiSociety & Culture October 25, 19:17
Russia to exhibit over 200 military hardware items at Airshow China-2016Military & Defense October 25, 19:06
Venezuela’s oil minister says Iraq should be part of oil production freeze dealBusiness & Economy October 25, 18:52
IAAF supports IOC decision to encourage Russia’s whistleblowing coupleSport October 25, 18:14
MOSCOW, May 23. /TASS/. Russia needs to make a choice between sustainable or immediate yet unstable GDP growth, presidential Economic Council’s working group leader and ex-Finance Minister Alexey Kudrin said on Monday.
"We discussed whether relevant measures are implemented for the more stable long-term growth or the short-term but unstable one," Kudrin said.
"We should always see positive social results of economic reforms," he added.
The working group will present the final program early in 2017. Main task of Economic Council under Russian President will be economic diagnostics, Kudrin added, timeframe to prepare 2030 economic program may be extended by one year.
"I see the primary task of the meeting to be held by the President [on May 25] and our working group is to diagnose, what is the main obstacle to economic growth," Kudrin said.
Diagnostics will make possible to subsequently identify steps for transition to steady growth of the Russian economy, he said. "We discussed very seriously today the role of institutions in economic growth and growth of the monetary policy," Kudrin said. "The timeframe for the Strategy-2030 was also postponed by a year approximately. Our deadlines approximately coincide, we will be able to coordinate our documents."
Russian economy may achieve 4% growth rates in five years, Kudrin said.
"There is no 4% target now; no documents contain it so far. This is a desirable [target]. I believe we may reach 4% growth in 4-5 years if active reforms are initiated," Kudrin said.
Reserve funds of the Russian Government may be spent for project financing to support investments, Kudrin went on.
"If the government considers such policy [project financing] is feasible, then it should allocate 100 or 200 bln rubles ($1.5 - 3 bln) for such purposes out of its 4 trillion rubles ($59.8 bln). This is the responsibility of the government to support investments," he said.