“Our competitive advantage is relatively low tax rates, and now we are losing it.

Therefore, I believe that the latest measures that the state should take is to raise taxes, ”Gref said in an interview with the Russia-24 TV channel.

He believes that it is better to go by reducing budget expenditures and increasing the volume of borrowings.

According to the head of the credit institution, it is generally worth simplifying tax administration. 

Earlier, the chairman of the Accounts Chamber, Alexei Kudrin, suggested that privatization would avoid raising some taxes.