Audit Chamber head says Russian state share in econ reaches 50%

MOSCOW, Nov 20 (PRIME) – The state share of the state in the Russian economy is nearing 50% after rising by 10% over the last 10 years, head of the Audit Chamber Alexei Kudrin said at the Russia Calling! investment forum on Wednesday.

“The government share in the economy rose by almost 10% over the last 10 years to about 47–48%,” Kudrin said.

“Our steps must be targeted at raising the private sector share in the economy, as a more dynamic, more effective one, faster reacting to the challenges, including that of the technological revolution. I cannot see sufficient steps now,” the official said.

End