Russia praised the pension reform

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www.vsyako.netPhoto: Maksim Blinov / RIA Novosti

Swedish economist, former Minister of Finance Anders Erik Borg praised the government for launched in 2018 pension reform. This statement he made during a panel discussion on “Horizons of economic policy” at the Gaidar forum at the Ranepa, the correspondent “Tapes.ru”.

“In Sweden, recently also raised the retirement age to 67 years. And I think that Russia is moving in the right direction, despite some discontent among the population,” said Borg.

Thus, according to him, the pension system in Russia remains imperfect and the main problem today is the lack of involvement of pension savings in the economy.

“The amount of pension savings of Russians coming to the stock market and the economy, is only four per cent of GDP. In Europe and particularly in Sweden, the figure is several times higher. In this direction you still need to work,” said the economist, who headed the Swedish Ministry of Finance between 2006 and 2014.

By 2024, in Russia the pension age will increase to 60 for women and 65 years for men.

The organizers of the Gaidar forum is the Ranepa, the Gaidar Institute and the Association of innovative regions of Russia. “Ribbon.ru” is an informational partner of the event.

Video, photo All from Russia.

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