Matvienko: economic apocalypse Russia is not threatened – BBC

26.01.2016 | 08:35

Russia does not threaten the economic apocalypse, the adjusted anti-crisis plan is able to stop the recession, said in an interview with «Lente.ru » Federation Council Speaker Valentina Matviyenko.

« Apocalypse Russia is not threatened. The country maintains macroeconomic stability, financial stability. We have a trade surplus. A number of industries and enterprises, and the system in the current crisis conditions demonstrate viability. Therefore, I believe that we have the conditions to stop the recession and return to economic growth. Of course, this will require from the executive and legislative power adjustment plan of anti-crisis measures “, – she said.

Matvienko stressed that the government has reason to be optimistic, not only in the long term, but in the short term. “The main thing – do not build their own problems. And above all – not to raise the tax burden on the population, on business. It should be axiomatic undisputed rule. But as for the expansion of the tax base – there are many areas in which we have to work “- she said.

The speaker of the Federation Council also noted the need to create new points of economic growth. “I am a convinced supporter of the construction industry – a major driver of the economy. It is essential that mortgage loans are not issued to the public at 12% or higher and 8%. The remaining four percent of government should the banks to compensate for, “- said Matvienko.

According to her, this will lead to an increase in the volume of construction, will generate huge profits, will resolve a number of social issues, and give a multiplier effect: will develop metallurgy, production of building materials, increase employment. This will result in the expansion of the tax base. “Those 4%, which compensates for the banks the government will pay off handsomely,” – concluded the speaker of the Federation Council.

Previous Valentina Matvienko said the political component in the reduction of oil prices.

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