Putin proposed to look for new sources of economic growth


Russian President Vladimir Putin said that in the current situation, resources that were previously moving the Russian economy forward, no longer work, and urged to seek new sources of growth. The head of state said on Wednesday, may 25, at the meeting of the economic Council Presidium, devoted to the sources of Russian economic growth in the long term until 2025.

“The current dynamics, we repeatedly stated this, shows that the reserves and resources at the beginning of the two thousandth moved our economy forward, are not working as before”, — quotes the words of Putin, the press service of the Kremlin.

The head of state said that by itself, economic growth does not resume. “If we don’t find new sources of growth, then GDP growth will be somewhere around the zero mark”, — he stressed.

According to the President, it is necessary to ensure “the growth of the domestic economy and conduct structural reforms to improve its effectiveness”. “It is very important to maintain macroeconomic stability, to prevent the buildup of the budget deficit and acceleration of inflation,” he said.

Putin added that the experts have already started to prepare concrete proposals in the framework of the working group of the Economic Council.

Earlier, the press Secretary of the President Dmitry Peskov said that the meeting of the presidential economic Council on may 25 will be a kind of brainstorming. “Showcases a variety of expert points of view, you know, they’re already actively sets out in the media. Is and [Alexei] Kudrin and [Boris] Titov and [Sergei] Glazyev, and other participants. We are talking about the expert viewpoints that will speak out in the consultation plan, for the information of the President and the economic bloc of the government”, — said Peskov. However, he added that the event is not intended to elaborate a list of concrete actions.

Earlier it was reported that proposals for meetings prepares, in particular, the Center for strategic research, the ex-Finance Minister Alexei Kudrin. How to write “Vedomosti”, he prepared a presentation, which stated that the task to reach the average annual economic growth rate of 4% is achievable taking into account the implementation of the whole complex of measures.

previously wrote that business Ombudsman Boris Titov and his colleagues will present at the meeting, the program “Economics of growth”. In particular, Titova supporters believe that the program will allow you over a decade to bring Russia into a world leader in several economic indicators.