The vat rise and the increase in the retirement age are not the measures to start with, when setting about he solution of long-run problems

Publication type Article
Status Published
Occupation: Academician of RAS
Affiliation: Russian Academy of National Economy and Public Administration under the President of the Russian Federation
Address: Russian Federation
Journal nameObshchestvo i ekonomika
EditionIssue 8

The author concentrates on major shifts in economic policy and maintains that the VAT rise and an increase in the retirement age in the near future may negatively affect the economic growth and the living standards of the population. He suggests a number of measures being taken sequentially with the view of creating more favorable conditions to solve such key problems as the acceleration of the economic growth and ensuring social security for senior citizens.

Specific macroeconomic indicators are given, sticking to which, with active economic policy in the next 1-2 decades, will result in sustainable economic recovery. 

Keywordsretirement age, healthy life expectancy, VAT, structural reforms, ownership forms ratio change, investment credit, deficit financing of the state budget
Publication date16.10.2018
Number of characters689
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