The economist explained why the government will no longer allocate any subsidies the business

Small and medium business in Russia from the ravages of the pandemic coronavirus, could apply for subsidies from the state in April and may. But in June the minimum wage for employees to impossible. Are we to expect from the state any additional payments, the correspondent of “Rosbalt” said economist Dmitry Prokofiev.

“currently plan to support the economy continues to be refined, but the government’s position is that more money does not give. Recently, Deputy Finance Minister Alexei Sazanov, in an interview said that the state cannot give money to everyone, resources are limited,” he said.

According to the economist, the government is not afraid of falling wages, no unemployment because he believes that this should be the driver of economic recovery.

“will Increase competition for jobs will be more willing to get into production at the minimum rate. The logic is this: the lower the wage, the more companies will be able to restore its activity”, — explained the expert.

the Economist added that, according to Tinkoff coronaindex in the first half of June began to grow in the segments of small and medium enterprises in the sectors of entertainment, culture and sport — that is where it was a maximum reduction of staff and the sharp decline in salaries.

“as for the restrictions, and if we talk about the economy, rather, it means limiting consumption. The government strategy is, in particular, to reduce this consumption using indirect limits. Bet this is done to save foreign exchange earnings, and to make it possible, only limiting the trips of Russians abroad, purchase of luxury goods. The consumer economy is mostly fueled by just importing. They hope that people now won’t buy and work for pennies on the manufacturing enterprises which implement itsYu products Corporation”, — said Prokofiev.

Earlier, the “Rosbalt” reported that money now puts every fifth Russian.

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