Putin said the following: We are reducing taxes on production, investing money in the economy. We are optimizing state expenses. The second possible mistake would be excessive interference into the economic life of the country and the absolute faith into the all-mightiness of the state. There are no grounds to suggest that by putting the responsibility over to the state, one can achieve better results…Unreasonable expansion of the budget deficit, accumulation of the national debt - are as destructive as an adventurous stock market game.” “During the time of the Soviet Union the role of the state in economy was made absolute, which eventually lead to the total non-competitiveness of the economy. That lesson cost us very dearly. I am sure no one would want history to repeat itself.”
Posted on: Wed, 06 Nov 2013 20:51:07 +0000