VLADIMIR PUTIN
ARCHIVE OF THE OFFICIAL SITE
OF THE 2008-2012 PRIME MINISTER
OF THE RUSSIAN FEDERATION
VLADIMIR PUTIN
ARCHIVE OF THE OFFICIAL SITE
OF THE 2008-2012 PRIME MINISTER
OF THE RUSSIAN FEDERATION
VLADIMIR PUTIN
“We consider privatisation to be one of the key tools in reforming the real economy, in improving the competitive environment and in attracting additional investment.”
"We must ensure that the post-crisis recovery of the Russian economy be accompanied by qualitative modernisation of its industrial base and infrastructure through the introduction of cutting-edge technologies and an increase in labour productivity."
"I also believe that we have no other option but to form a full-fledged and stable financial market of our own, where national savings will be converted into development capital - a source for so-called "long money." And this is yet another of our key goals."
"We call on businesses to more actively invest in Russia's regions. Do not stay in the same place, where there is often not enough "room" for everyone, but consider the regions that are not spoiled with overinvestment and where it is possible to take advantage of optimum business conditions."
"We are also pursuing a tight anti-inflation policy. Our goal here is to reduce the current inflation level almost by half (from the estimated 12% this year). I believe - I know - that Central Bank officials agree with these proposals: 11% on average by the end of this year, or even lower, and no more than 5%-7% by 2012."
"Russia is the only country that proceeded with a large-scale pension reform during the recession. The basic portion of labour pensions will be increased again by 30% later this year - on December 1. Next year, pensions will grow by an average of 46%, an unprecedented rise in Russia. Now what economic implications will this have? This reform will produce internal demand for an additional 1 trillion roubles, or over $30 billion."
"In line with the pension reform issues, we postponed an increase in corporate insurance premiums, so as not to worsen the fiscal burden on businesses during the recession. Admittedly, as a result - back to our macroeconomic problems - the 2009 federal budget will carry an 8% deficit for the first time in a decade."
"We have enough resources and opportunities to protect the country from new currency shocks, from shocks to the national currency and the financial system. Russia's gold and foreign currency reserves exceed $400 billion."
"We need to improve many things in legislation and corporate governance, and to modernise the structure of the real and financial sectors. But we do not need to reinvent the wheel. Russia's development strategy until 2020 and the guidelines of the Government's operation until 2012 outline the main directions for development, the main projects that should ensure qualitative changes in the Russian economy, and the innovative vector of its modernisation."
"I would like to say that we need not so much a quick, as a qualitative recovery. Our recovery should be based on fundamentally new precepts, with reliance on new growth parameters."
