On Wednesday, the Russian government and the Central Bank will report to the deputies of the state Duma about the anti-crisis plan for the first half of 2015.
MOSCOW, 20 Oct. Deputies of the state Duma in the anti-recessionary report of the government expect to get answers to questions about whether the increased volume of the industry development Fund is planned to stimulate consumer demand and that the authorities are doing to fulfill social obligations.
The government of the Russian Federation and the Central Bank on Wednesday will report to the state Duma about the anti-crisis plan for the first half of 2015. To report on the meeting will be first Deputy Chairman of the government Igor Shuvalov, the head of the Central Bank Elvira Nabiullina and the head of audit chamber Tatyana Golikova.
The development of industry
First Deputy Chairman of state Duma Committee on industry Vladimir Gutenev (“United Russia”) hopes that the government will vote for the increase of industrial development Foundation (PDF).
“We hope very much that after the adoption of the law on industrial policy, the government, having seen how effective the industry development Fund, as it selects projects, decides to increase its volume,” — said Gutenev.
The FER was created for the modernization of Russian industry, the establishment of new industries and ensure import substitution. The Fund offers preferential conditions of co-financing of projects aimed at the development of a new high-tech products, modernization and creation of competitive production on the basis of the best available technologies. Its volume in 2015 is 20 billion rubles.
“And hope very much that the financial-economic bloc of the government in a somewhat different paradigm will be to ensure access for our high-tech industry and farmers to an inexpensive liquid money”, — said Gutenev.
Deputies from “Fair Russia” consider ineffective anti-crisis measures of the government, said the first Deputy Chairman of the faction Mikhail Emelyanov.
“Unfortunately, the recession, the decline in real incomes, and the actions of the government and the Central Bank is ineffective, moreover, they deepen the existing crisis and not solve it,” he said.
According to him, high interest rate of the Central Bank and strict policy does not allow to implement advantages, which appeared in Russia from the point of view of exports and conquest of the domestic market.
“Reduced consumer demand, investment demand. And the collapse of demand leading to falling economic growth and living standards. Therefore, the issues (first Deputy Prime Minister Igor Shuvalov — ed.) will be formed around these issues: how to stimulate consumer investment demand as to saturate the economy with money and how to help citizens to survive in such conditions” — said the Deputy.
Gutenev also noted that we would like to hear during the report that the government does not waive the fulfillment of social obligations. “As representatives of industry here we have a very vested interest: reduction of consumer demand and reduction of capacity of the domestic market can impede the growth of industrial production. And we very much hope that this growth will be,” he said.
Goals, plans, and pictures
In the Communist party strongly disagree with the anti-crisis plan of the government and its implementation.
“We’re all your expectations formulated at the Plenum of the Central Committee of the Communist party (passed on 17 October — ed.). We believe the anti-crisis measures of the financial block of the government anti-national, working in the interests of speculators and oligarchs. Based on these tough but reasonable and reasoned estimates, and we will evaluate the report,” said first Vice-speaker of the state Duma, first Deputy Chairman of the CPRF Central Committee Ivan Melnikov.
At the Plenum it was noted that neither after the financial crisis of 2009, nor immediately after the imposition of sanctions in 2014, not now “no real modernization did not begin, no maintenance dependence on raw materials no.” He also expressed the view that average inflation forecasts at the level of 12-13% is a myth. According to him, when low wages and a significant increase in food prices the share of expenditures on food and housing is in family budgets from 70 to 100%.
First Deputy Chairman of state Duma Committee on budget and taxes Sergey Katasonov (LDPR) said that the faction concerned that the government has no clear system of interaction and planning. “What we have today manages processes? The Ministry of Finance runs the government or are the government trying to work out a plan. This question will be met”, said Katasonov.
Also, according to him, most of the targets of the anti-crisis plan has not been achieved. “And the industrial production index declined, and GDP, and inflation… All parameters except agriculture is only a 2.9% growth, but the growth is, while there is a price increase… the Population today does not feel the support of the government. We believe that anti-crisis measures were to be directed here” — said Katasonov.
In his view, the settings specified in the crisis plan are not performance criteria. “We want to say that we need to change the criteria and mechanism for monitoring the delivery of funds to legal entities”, — said the Deputy.