Former Finance Minister Proposes to Curtail Massive Economic Support Measures

09.08.2024 11:07

Former Finance Minister and economist Mikhail Zadornov proposed measures to deal with inflation in the country.

He recommends cutting back on subsidized support programs.

Zadornov explained this by the fact that they distort the normal economic motivation of Russians and companies, RIA Novosti writes.

According to the former finance minister, these programs should be scaled down.

Zadornov recalled that the key rate does not affect part of the Russian economy due to access to preferential loans.

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Photo: © TUT NEWS

He proposes to roll back a number of anti-crisis support measures, leaving only targeted ones.

The economist stressed that it is not necessary to change the size of budget expenditures when their structure is important.

Russia's budget will have to choose what to do first in light of the country's new needs.

Elena Gutyro Author: Elena Gutyro Editor of Internet resources