Economics
Kudrin to Push Putin on Deficit Cut to Jumpstart Economic Growth
- Russia must cut deficit to 1% of GDP in 3-4 years, Kudrin says
- GDP growth of 4% in 2018-2019 is possible only with reforms
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Russia will face continued stagnation unless the government cuts the budget deficit, reins in inflation and carries out reforms, former Finance Minister Alexei Kudrin said he plans to tell President Vladimir Putin at a meeting this week.
“We have reached the last stand,” Kudrin, now an adviser to the president, said in a phone interview. “My goal is to show that there won’t be economic growth if we don’t reform institutions.”