WoE The cost of reform II – boosting Russian incomes in a time of austerity

WoE The cost of reform II – boosting Russian incomes in a time of austerity

By bne IntelliNews March 30, 2018

Russian president Vladimir Putin made a lot of big promises in his State of the Nation speech on March 1, but how realistic are they?

In the second part of a two part series bne IntelliNews editor-in-chief Ben Aris talks to BCS Global Markets chief economist Vladimir Tikhomirov to discuss these issues and more.

In this episode we cover what is driving dividend payments at Russia's state owned enterprises and delve into the mechanics of rising incomes and the outlook for the middle class in the next six years. The first thing that Russian president Vladimir Putin did on taking office in 2000 was introduce a very low flat tax regime that is the bedrock of his popularity. However, as Russia becomes an increasingly normal country but needs to pay for all the things that come with that status, like schools and hospitals, there are very likely some "nasty surprises" in store for the popuation on this front in Putin's last term. 

Ben Aris, editor-in-chief bne IntelliNews

Vladimir Tikhomirov, chief economist BCS Global Markets

 

WoE The cost of reform II – boosting Russian incomes in a time of austerity bne Intellinews

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