Among other things, all institutional reforms and strategies must be implemented starting with 2005, Mr. Gref noted.
Unfortunately, we have been saying for several years in a row that efforts to implement projected transformations can hardly be called satisfactory, Mr. Gref told a Cabinet session today in Moscow. The Government of Russia was discussing preliminary results of this country's socio-economic development for the 2004 period, as well as a mid-term program for the 2005-2008 period.
We should post 8% annual economic growth starting with 2005 in order to double our GDP by 2010, Mr. Gref explained.
Had we decided to double the Russian GDP starting with 2002, then annual economic-growth rates should have totaled 7.2%, Mr. Gref added.
The current economic structure rules out annual economic-growth rates in excess of 6-7%, Mr. Gref believes.
At the same time, those particular sectors, which post 7% plus annual growth, account for not more than one-third of all economic sectors, Mr. Gref told those present.
The list of rapidly growing sectors includes the food industry, the chemical industry and the timber industry, Mr. Gref stressed.
Meanwhile the fuel-and-energy sector and metallurgy are growing at not more than 5%, Mr. Gref went on to say.
We would prove unable to ensure economic-growth rates in excess of 7%, unless the first group of sectors assumes dominant positions, Mr. Gref told his audience.
We must implement an innovative development scenario for the sake of attaining such economic-growth rates, Mr. Gref noted in conclusion.
