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First Deputy Chairman of Russia’s Central Bank would like to return to XIX century values

January 25, 2013, 14:28 UTC+3
Ulukayev named low productivity as Russia’s main problem
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Photo ITAR-TASS

Photo ITAR-TASS

DAVOS, January 25 (Itar-Tass) — First Deputy Chairman of Russia’s Central Bank Alexei Ulukayev would like to go back to basic values of the XIX century – a small government and to minimum acquired responsibilities.

“I wish we could return to the basic values of the XIX century: a small government, a small country with a developed social system, a small number of acquired responsibilities, much labour,” he said during a business breakfast, organised by Sberbank at the World Economic Forum in Davos. “This could guarantee normal development.”

Ulukayev named low productivity as Russia’s main problem and stressed there were two aspects of the issue – poor ratio between those employed and unemployed, and low productivity.

“In Russia one million people are in the Armed Forces, one million – in the police, and one million are working for private security companies. This means, that while paying taxes, we are not buying security, but have to pay double the price – as we are paying taxes and as we are hiring a security,” Ulukayev said. “The situation in other spheres is similar.”

 

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