the Chairman of the accounts chamber of the Russian Federation Alexey Kudrin believes that the crisis caused by the pandemic coronavirus infection COVID-19, have raised the issue of the reversal of Russia from the oil economy to the knowledge economy and technology.
“came the most critical moment to turn from the oil economy to the knowledge economy and technologies”, — said the head of the controlling Department in an article for the newspaper “Kommersant”.
He recalled that “before the crisis, and the role of hydrocarbons in the world was reviewed, including due to climatic changes and discussions about the future of the planet, now this becomes even more relevant.” “Oil production in Russia will not fall, but the rent that was past 20 years, we will be gone. For the entire economic policy, including budgetary policies, is a key challenge if non-oil sector will develop more actively. “Rent” will now give new technological and innovative solutions, a number of innovations, but only if we stay ahead of the curve,” said Kudrin.
he is convinced that it is necessary without delay to make a real turn to the support of private initiative. “We need more freedom. To save his influence for Russia, with its population and territory there can be output only in a multiple increase in performance in the forced introduction of technology, digital and management innovations. And innovation requires a different institutional and regulatory environment,” — said the head of the accounts chamber.
He also lamented that “in recent years, conversations about the support of private initiative has become a ritual, a real reversal to the support of private initiative, which has been repeatedly stated, not happening.”
Earlier, on 13 April, Kudrin expressed confidence that the Russian authorities have the ability to mobilize 2-3 trillion rubles for direct subsidies to business in the background Borby the consequences of the spread of coronavirus infection. In his view, “the financial system and the state is able to find or to mobilize such funds, whether the NWF (national welfare Fund — ed.), whether in financial markets”.
In late April, Chairman of the accounting chamber said that the entire population of Russia needs support from the state in conditions of economic crisis caused by the pandemic coronavirus infection COVID-19, the collapse of oil prices and devaluation of the ruble. As Kudrin wrote in his Twitter, “support in today’s environment, everyone needs”. “Especially in need of those populations, which in usual conditions are poorly protected. Children and orphans, the disabled, the homeless, patients with HIV, the poor and others,” he said.
let’s Add that the Russian economy in February—March 2020 was under the powerful impact of two negative factors — the rapid spread of the pandemic coronavirus infection COVID-19 and its deleterious effect on the global economy and collapse in oil prices. Against this background, the rouble significantly depreciated against the dollar and the Euro. Reacting to the situation, the government and the Bank of Russia adopted several packages of measures to support the economy and citizens.
21 April the Russian government announced that the value adopted by the Cabinet of Ministers of measures to support the economy already amounted to 2.1 trillion rubles. Prior to that, head of the Ministry of Finance of the Russian Federation Anton Siluanov said that the budget measures for combating coronavirus and its implications in Russia is about 2.8% of GDP. In General, the total volume of fiscal support to individuals and business of all sectors in the context of pandemic coronavirus, the Ministry of Finance was estimated at 6.5% of GDP.
may 11, Russian President Vladimir Putin announced the end of may 12, a single period of days off, entered March 30, in the fight against COVID-19. He also announced the beginning of implementation of the third package of anti-crisis measures in which the state, in particular, will increase targeted support for families with children, small businesses, individual entrepreneurs and self-employed. In addition, Putin instructed the government to prepare a national plan for long-term development of the economy, the recovery in employment and incomes.
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