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A gradual recovery of the regional economy is predicted in the Omsk region
The Regional Government has approved the parameters of a three-year forecast for the socio-economic development of the Omsk region. This was announced by the Minister of Economy of the region Anna Negoduiko.
"The economic situation in the current year is developing under the influence of quarantine restrictions, which had to be taken into account when developing data on the forecast of socio-economic development of the Omsk region. Compared to the average Russian trends, we assess the situation in the regional economy as more stable," she said.Anna Negoduiko.
According to the Regional Ministry of Economy, the gross regional product of the Omsk Region is estimated at 706 billion rubles this year. The recovery in the manufacturing sectors will allow for a slight increase in industrial volumes by the end of the year – by 0.6% compared to the level of 2019. According to updated data from the Ministry of Agriculture of the Omsk region, the volume of agricultural production is estimated to decrease by 2.7% compared to the level of 2019. A difficult situation remains in the sectors of the economy focused on consumer demand. By the end of 2020, retail trade turnover is expected to decrease by 7.9% compared to the level of 2019, and the volume of paid services to the public is expected to decrease by 11.8%. From the positive trends of the current year, an increase in investments in fixed assets is expected by 5.2% compared to the level of 2019.
Over a three-year period, according to the Ministry of Economy, a gradual recovery in the growth rate of the main indicators is expected.
"The forecast has been prepared based on information from the executive authorities and is presented in two versions, which differ, among other things, in the pace of recovery of the regional economy in the current sanitary situation. In the coming three years, a gradual recovery of the positive dynamics of the main indicators of the socio-economic development of the region is expected. This will be facilitated, among other things, by the implementation of a National Action Plan to ensure the restoration of employment, income of the population and long–term structural changes in the economy," he believes.Anna Negoduiko.
The volume of the gross regional product in 2021 is estimated at 730-747 billion rubles, in 2023 GRP will increase to 808-860 billion rubles with an increase of 2.5 – 9.6% by 2020 according to the forecast options, respectively. The industry is expected to grow by an average of 0.8 – 2.8% annually, mainly due to an increase in the output of petrochemical and machine-building complexes. The annual growth rate of agricultural production in the next three years is estimated at 1.4 – 4% according to the forecast options. The increase in investments in fixed assets will amount to 2.4 – 4% annually. "The launch of investment projects at the sites of the newly created special economic zone will contribute to the growth of investment volumes in the region. Budget investments are planned to be directed to social facilities, engineering and road infrastructure, the construction and reconstruction of which are provided for by national projects," said Economy Minister Anna Negoduiko.
