Gref: In Russia there is a lack of goods, and entrepreneurs should solve the problem

The head of the Sberbian, German Gref said that in Russia there is an unprecedented increase in salaries and at the same time - a lack of goods. He reported this in the fields of the St. Petersburg International Economic Forum. Gref said that growing budget expenses led to an increase in salaries - people become more wealthy and receive loans. Due to the addition of budget and credit impulses, the economy is growing at a good pace.

At the same time, the money is aimed at the consumer market, there are no more goods, prices for them are rising, unlike labor productivity, explains the head of Sberblastic. Entrepreneurs should fight this, says Gref, who, in his opinion, should increase labor productivity and reduce costs.

“We see that today the model of our economic growth is extremely simple. All increasing budget expenses, primarily in the engineering sector, lead to the fact that enterprises increase wages. And the spread of increased wages in the economy is very fast, we have never seen this before. For about three months, not only machine -building enterprises - but for personnel in mechanical engineering, competition is growing - but all other sectors of the economy, including service sectors, increase wages. People become more wealthy, they go to banks and, despite all the restrictions on the Central Bank, receive loans. Even at very high bets - due to the fact that they have grown income. ”

However, this growth will not continue for a long time, Gref says.

“How much it [high salaries] will continue depends on when our budget money will end. Most likely, the growth of budget expenditures will not last long. I do not know how much it can last, maybe a year, ”Gref Vedomosti quote .