#1 - JRL 7011
Russia has economic growth potential of 6-10% a year - Gref
MOSCOW. Jan 9 (Interfax) - Russia's economy has the potential to grow 6% to 10% a year, Economic Development and Trade Minister German Gref said in an interview published on the government's website. Changing the structure of economic growth, which currently depends on prices for raw material exports, could ensure this rate of growth. Economic growth in 2002 was also helped by a "significant reduction in capital flight," Gref said. "There is every opportunity to resolve the chief task of making our country's economy competitive on world markets. But, of course [only] with the implementation of the set government plan," the minister said. The government's plan of action in 2003 was developed on the basis of six top priorities. These are state management reforms, tax and budget reform, institutional and infrastructure reform, stimulating economic diversification and increasing its openness, creating an efficient social insurance system and offering social services.