Oreshkin: We can live with $ 40 per barrel, we will reach the rate of growth above 3% since 2020

The stimulation measures developed by the Government of the Russian Federation involve an increase in GDP growth of more than 3% since 2020. This, according to Interfax , said the head of the Ministry of Economic Development of the Russian Federation Maxim Oreshkin in his speech at the macroeconomic session as part of the St. Petersburg International Economic Forum (PMEF).

However, the minister warned, the demographic situation in the country makes this task "difficult."

“But we must understand that our economy has a per capita GDP higher than on average in the world, our demography is worse than on average in the world. Therefore, showing pace above the average -INSTROY is actually an interesting and difficult task,” he said.

“There are serious restrictions on their withdrawal. We are working on their removal. Support for investments and supporting human capital. And there is another topic that goes through the through line through both of these stories - digitalization of the economy,” said Oreshkin.

According to him, "The topic with investments is an understandable, transparent, predictable state from the point of view of taxes, tariffs, control and supervision, public procurement, gentlemen."

The second direction is human capital, the head of the Ministry of Economic Development recalled. "An important question is an increase in the number of economically active population. The CSR proposes to increase the retirement age. Our opinion is that we need to focus on the young generation, where high structural unemployment. We need to simplify the process of hiring for companies," the minister said.

Oreshkin also drew attention to the topics of health and education. At the same time, he noted that "we will not be able to limit ourselves to the development of our own talents - it is important to attract talents and qualified labor from abroad."

However, the main thing is to ensure the stability of inflationary expectations, he is sure. "We now have a new era for monetary policy. The era of reduction of inflation has ended, now the issue of stabilizing inflation expectations to maintain inflation in a narrow range near target levels. This is a high -quality task, it is complicated. But I am sure that the Central Bank will cope with this task," the minister said.

“If you look at economic research, then there is no evidence that inflation is 2% better than 4%, from the point of view of economic growth. At these levels, when we entered low inflation, the main thing is its stability and predictability,” Maxim Oreshkin also noted.

Later on Thursday, the Minister of Economic Development on the air of the Bloomberg television channel said that the Russian economy is ready to live at a price of oil $ 40 per barrel and below, TASS reports.

"The prospects of the Russian economy do not depend as much on oil prices as it was 5-10 years ago. The entire monetary and tax policy is based around the forecast that the price of oil will be $ 40 per barrel. We are actually ready to live forever with a price of $ 40 per barrel and lower, this is not a problem for us," Oreshkin said.

Answering the question about the possible tightening of anti -Russian sanctions, the minister noted that the influence of such restrictive measures is no longer so important for the Russian economy.

“We are concentrated on the development of our economy. What is happening inside the country is much more important to us than what is happening beyond it,” Oreshkin emphasized. "Sanctions may now be important for the United States, but not for Russia."