/ world in the present day information/ The media write that within the close to future Vladimir Putin could meet with representatives of the oil sector to probably carry the moratorium on offering advantages to the oil trade, which was beforehand introduced on the suggestion of Finance Minister Anton Siluanov. The initiators of the dialogue had been the top of “Rosneft” Igor Sechin and the presidential envoy to the Far Japanese Federal District Yuri Trutnev – after the introduction of the ban, they, in response to media reviews, informed the president a number of occasions how essential it’s now to start out exploring the Arctic and why they’re wanted tax aid for it. Based on preliminary knowledge, it’s about 2.6 trillion rubles.
On the one hand, this can be a large quantity, which is corresponding to the funds surplus of the nation, however, this isn’t such a big determine, because the cash will most definitely be supplied for a number of many years and will certainly repay. Subsequently, it’s obligatory to speak to start with not about prices for the oil trade, however about systemic issues within the authorities that hinder the event of the area. That is how the economist, head of the Globalization Institute Mikhail Delyagin commented.
What does this entire scenario imply, the place oil producers are attempting to problem via the president the moratorium on granting aid?
First, it means that the federal government merely can not deal with its duties, so all the things have to be determined in handbook management mode. That’s, the individuals who should make sure choices merely don’t make these choices.
Second, it’s essential perceive that this isn’t “expense” however “aid” within the normal sense. If, for instance, I pay 10 rubles in taxes after which ask you to decrease the bar in order that I pay 5 rubles and direct the freed cash to one thing helpful, then sure, this may be referred to as embezzlement and aid. However on this specific case, there’s merely no tax income! It’s proposed to decrease tax charges to get extra taxes, not much less; due to this fact, on this case we’re speaking about investments, albeit particular – tax investments. That is an funding within the Arctic, in undeveloped territory, the so-called greenfield zone – solely there isn’t a “inexperienced” subject, however “white”.
That’s, is the mission prone to repay?
It should undoubtedly repay. He has expertise. The earlier yr, to be able to scale back the dynamics of the decline in oil manufacturing, Samotlor supplied tax investments, lowering taxes by 35 billion rubles. yearly for 10 years. Already within the first yr of this rule – final yr – the decline in manufacturing stopped and there was even some development. Because of this, extra funds revenues amounted to nearly 60 billion rubles, that’s, the funding not solely paid off within the first yr, but additionally resulted in additional than 20 billion rubles. extra revenue. That’s, tax investments create extra sources to replenish the funds.
They write that 2.6 trillion rubles is an unprecedented quantity. Do you agree with this evaluation?
It isn’t clear for a way lengthy these funds are supplied. Almost definitely, 2.6 trillion is obtained by summing up the discount of tax charges over your entire 30-year interval. Then it seems that the funds will scale back charges by about 86-87 billion per yr, and this isn’t such a horrible quantity. However crucial factor is that this isn’t cash that’s there now or will be within the funds, and he’s giving it up. That is cash that, underneath the present tax regime, won’t ever seem within the funds. Subsequently, there isn’t a want to speak about “spending”. These are solely tax investments: we soften the regime and get tax income actually out of skinny air, from the rising enterprise exercise.
In the event you take a look at the aviation trade and the MC-21 points, it appears to be like like Western sanctions may cease Arctic improvement – what do you assume?
After all, nearly any space will be affected by sanctions. However with the appropriate authorities coverage, we are able to rapidly create the lacking applied sciences right here, as was the case throughout previous technological blockades. As well as, so far as I do know, now we have all of the know-how and capability that’s essential to work in harsh circumstances. Subsequently, it appears to me that there shouldn’t be any critical issues.
If the federal government would not do as you say and now we have to go on to the president, will not that create issues sooner or later? In spite of everything, it seems that even then the federal government won’t cope?
After all, this can be a downside that can not be solved in any approach. For instance, in Soviet occasions there have been district committees and regional committees, during which leaders, inside their competence, made accountable choices of their districts and areas – what needs to be and what shouldn’t be. At the moment there isn’t a accountability, simply as there are not any options. I’d perceive the federal government’s logic if, for instance, Medvedev stated that, you see, we won’t make investments 2.6 trillion rubles, as a result of, for instance, we don’t contemplate it essential to develop the Arctic or extract oil, or we contemplate it extra essential to extract oil from different locations. This could be a type of acutely aware resolution with its personal logic, albeit an especially doubtful one. However now the federal government is solely not making choices — in truth, it is refusing to do its job — and it is forcing the oil firms to show to the president. However a minimum of they will do it, and the way can a rustic dwell that may solely name the top of state every year?
Subsequently, the avoidance of accountability and the taking of obligatory choices – not solely by the liberals of Medvedev’s authorities, but additionally by your entire ruling paperwork, is a horrible systemic downside.
Translation: V.Sergeev
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