Source Pravda.Ru

Premier says growth rates of investment in Russian economy increase

The growth rates of investment in the Russian economy are increasing, said Prime Minister Mikhail Kasyanov when speaking in the State Duma on Wednesday.

He reminded all those present that last year this index was very low and made up two percent. In January-April of this year the volume of investments in the economy increased by almost 11 percent, in particular in April - by 12.8 percent. Over the first quarter a total sum of investments amounted to 6.3 billion dollars which is more than for the whole year previously.

Kasyanov stated that investments are made not only in raw materials sectors.

The head of government also pointed out that the quotas of state and corporate securities are now on their "historical maximum".

At the same time, the economic growth is impossible without the diversification of the economy, lower tax burden, strict budget discipline and reform in the social sphere. This is precisely the aim of the new mid-term programme of the government and priority draft laws prepared by it.