In order to ensure economic growth in Russia, it’s necessary to increase investments and enhance quality on the labour market, said the Russian Minister of Finance, Anton Siluanov, at the Stock Exchange Forum in Moscow.
In the Minister’s opinion, it’s necessary to improve expenditure efficiency, whereas taxes must not be raised in any situation.
The Deputy Prime Minister, Arkady Dvorkovich, said that this year there is no impediment to economic growth in Russia. He admitted that growth will not be more than a tenth of one percent. However, in a number of industries the prerequisites for recovery can be seen.
At the same time, oil price continues to fall this year, but insignificantly – by no more than 1%. But the head of the Central Bank of Russia, Elvira Nabiullina, disagrees with him. In her opinion, Russia’s GDP is likely to increase quarterly in 2016, but on the whole a decline is anticipated by the end of the year.