Saturday, October 1, 2016

Medvedev made a record of low inflation by the end of the year – RBC

the Prime Minister of Russia Dmitry Medvedev

Photo: Artyom Geodakyan/TASS

the Prime Minister of Russia Dmitry Medvedev believes that by the end of 2016, the economy will register the lowest inflation rate since 1991. Earlier, a similar forecast was made by the Ministry of Finance

Prime Minister Dmitry Medvedev said on the possibility of achieving the lowest inflation rate for the year for the last 25 years. He told about it in interview to the program “Sunday time” on channel one, a fragment of which was shown on Saturday.

the head of the government noted that at the beginning of next year, the Russian economy could reach the growth. This, according to him, it will be possible thanks to the measures taken by the government in recent years.

“We proceed from the fact that at the end of the year, these negative trends that have developed in our economy over the past two to three years, they exhausted itself,” — said Medvedev. Exact figures he did not name.

He added that the Russian economy remains positive macroeconomic conditions such as low government debt and the volume of gold and foreign exchange reserves.

Speaking of inflation and the rate of change, the Prime Minister stressed that the figure fell.

“the Rise in prices is not the same as was the last decade. And maybe at the end of this year we will reach the lowest inflation in recent history, which allows to count on further economic development,” Medvedev said.

Yesterday, 30 September, Finance Minister Anton Siluanov said that the Federal budget for the period from 2017 to 2019, the Department has set the inflation at 4% per year. The Minister said that pensions and other social payments to the population will be indexed after the fact.

“If we now put in the forecast for 4%, and then if suddenly there will be deviations in one direction or another — of course, count under the law. As required by law,” — said Siluanov.

Earlier, on September 23, Russian President Vladimir Putin said that inflation by the end of 2016 will amount to 5.7%. The President stressed that the previous year was 12.9%, and the expectations for 2016 was about 5.9%. The President also noted that Russia has sufficient reserves and a positive trade balance, which is a very important indicator of the state of the economy.”

About a possible historic low inflation at the end of 2016 in mid-September, said the Ministry of Finance. Deputy head of Department Maxim Oreshkin said that the Ministry expects inflation at the level of 5.7%.

LikeTweet

No comments:

Post a Comment