Date: 7 months ago   Category: Economy

The Central Bank estimated effect of tax budgetary maneuver on growth rates of GDP — Rambler News Service


The tax budgetary maneuver in the medium-term period can accelerate GDP growth on 0.2 — 0.3 percentage points on average in a year, follows from an analytical note of department of researches and forecasting of the Central Bank. "Direct use of fiscal animators allows to expect that the average annual aggregate effect of tax budgetary maneuver on GDP growth in the medium-term period will be 0.2-0.3 percentage points" — it is said in the statement of the Central Bank. In the document it is noted that the actual effect can significantly be other than settlement. "In general at effective use of budgetary funds the cumulative positive effect on GDP growth from realization of budgetary and tax maneuver can be much higher calculated on the basis of animators" — consider in the Central Bank. Earlier the President of Russia Vladimir Putin signed the law according to which he, since January 1, 2019 in a VAT rate raises from 18% to 20%. According to the forecast of the Ministry of Economic Development, in the basic scenario GDP growth of Russia following the results of 2019 will be 1.3%., at the same time in the conservative scenario department allows delay of growth rates of GDP to 1% in 2019 with the subsequent their restoration by 2024 up to 3%. The Central Bank predicts that the growth rate of GDP in 2019 will be 1.2-1.7%. On November 8 the head of the Central Bank Elvira Nabiullina said that the regulator allows achievement of growth rates of GDP in 3% by 2021 in case of successful realization of measures of economic policy by the government.

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