Evgeny Goryunov, Head of the Monetary Policy Department at the Gaidar Institute, commented for Nezavisimaya Gazeta on the initiative to raise the windfall profit tax in Russia.
Evgeniy Goryunov believes that such “one-off” actions as collecting windfall tax will achieve little to resolve the increased deficit.
"I do not see any need to raise taxes now, especially when there are grounds to expect increased oil and gas revenues to the budget. A more systematic solution, similar to the VAT increase, is needed, as well as the declared plan to reduce expenditure," the expert noted.