Abstract
The aim of the study is to identify solutions of the problems of the real sector of Russian economy, associated with its financing and lending for economic growth. These include low growth of industrial production, irrational structure of exports and imports, high degree of depreciation of fixed assets, lack of volumes and growth rate of investments in their renovation. According to the materials of the official bodies of state power of Russia, the analysis of the main declared objectives and methods of achieving high rates of economic growth was carried out. Based on the study of relevant statistical information, there were identified the main sources for financing of economic development and the necessity of their extension. Special attention was paid to trends in bank lending of the real sector.
Highlights
The development of Russian economy can be currently characterized by insufficient growth rate of gross domestic product and structural imbalances that negatively affects the prospects for economic growth
In accordance with the results of a survey of industrialists in September 2014, conducted by market research experts at the Center of the Institute of Statistical Studies Higher school of Economics (HSE), more than a third (38%) of respondents rated the demand for the products of their enterprises “below normal” level and the situation with its own financial resources and profitability improved for only 11% and 14% of enterprises
Achieving high and sustainable economic growth is impossible without adequate financial support
Summary
The development of Russian economy can be currently characterized by insufficient growth rate of gross domestic product and structural imbalances that negatively affects the prospects for economic growth. According to the interim figures of the Federal State Statistics Service (Rosstat), the index of industrial production in January-September 2014 compared with the corresponding period of 2013 was 101.5%; increase in production of manufacturing industries respectively 102.7%. The volume of production of tractors for agriculture and forestry in January-September 2014 amounted to only 82.7% of the corresponding period of 2013, forging presses—73.0%, electric motors—84.0%, passenger cars—93.8%, and trucks—78.5% respectively (Operational information of Rosstat, 2014). High rates of depreciation of fixed assets are continuing: in the whole economy level of depreciation reached 46.3% in 2013, increased comparing with 2008 by 3 percentage points, and in the medium technology high-level activities, to which Rosstat relates basic engineering industry—45.9%. It becomes actual to identify possible solutions of these complex problems
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