The speaker: in 2016 around 16 billion roubles to support mortgage lending

The speaker: in 2016 around 16 billion roubles to support mortgage lending

VLADIVOSTOK, February 14. /Corr. Natalia Nikulina/. To support mortgage lending in Russia in 2016 will be allocated about 16 billion rubles. About it on air of TV channel NTV said the Minister of economic development Alexei Ulyukayev.

“About 16 billion rubles this year will be aimed at Russian families were given the opportunity to borrow cheap accommodation on reasonable credit terms,” he said.

About inflation

According to the Minister, inflation in Russia by the end of this year could reach 7-7,5%.

“I think 7-7. 5 per cent is a very real assessment of the level of inflation at the end of the year. She’s tall, she’s very tall, but recently she was catastrophically high,” Ulyukayev said.

He called the inflation problem, “which is not easy to deal with, but we coped and will cope”.

“It’s more complicated with economic growth, it requires more time and effort to recover, but, nevertheless, I hope that this year we’re on that path will return”, – said Ulyukayev.

According to Rosstat, inflation in Russia from 2 to 8 February 2016 was 0.2%, YTD got 1.2%. Weekly inflation remains at 0.2% for the fourth consecutive week.

According to a preliminary estimate by the CBR, inflation in the Russian Federation in February 2016 will decline to 8.3-8.7% compared with February of 2015.

About the points of growth

Points of growth for the Russian economy in 2015, including agriculture, manufacturing industry and science, said the speaker.

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“Points of growth there. Our agriculture is 3.7 times increased financial results over the past year. Manufacturing, not energy, not oil industry, manufacturing industry increased by 2.9 times the profit, and chemical – in 15 times. And even, maybe, for someone to be amazing, research and development, science, has received 2.1 times more profit than last year”, – said Ulyukayev.

He noted the decline in retail trade, which is, in his words, about 11%.

“Played a role here three circumstances. The first one is high inflation, which devalues the income. The second component is income policy. The third factor, which is here meant, this reduction in retail lending. The level of debt load of Russian families was quite high and in the budgets of many families the share of payments on loans was too high,” Ulyukayev said.