Developing tools to finance infrastructure, and establishing a fund for investment in infrastructure
Starting in 2019, we shall create a special fund, which, over a six-year period, shall invest significant amounts of government money in this area of the economy – perhaps around 3% of GDP – which will in turn attract the private sector. We suggest using public money to establish this fund. We can attract money from the market, and direct it to investment, which will lead to the creation of additional government assets, and which will work for the economy — Anton Siluanov, First Deputy Prime Minister of the Russian Federation - Minister of Finance of the Russian Federation.
As things stand, I consider the employment of long-term financing tools exclusively for investment in infrastructure to be an entirely justified solution — Anton Siluanov, First Deputy Prime Minister of the Russian Federation - Minister of Finance of the Russian Federation.
When the state takes on operating expenses, nothing good ever comes of it. When working on infrastructure [...] the main prerequisite is that this infrastructure brings about an increase in private investment, and leads to a significant improvement in people’s quality of life — Maxim Oreshkin, Minister of Economic Development of the Russian Federation.
The fact that today we have a low level of sovereign debt by global standards (around 13% of GDP) means we have a large resource. It means that over the coming years we have a reserve which we can use to invest in infrastructure — Elvira Nabiullina, Governor of the Bank of Russia.