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Putin called for Russian income growth

Putin called for Russian income growth
Photo by: kremlin.ru

Vladimir Putin said that the disposable income of citizens is practically standing still. This was announced by the president at a plenary meeting of the Russia Calling! Investment forum. According to him, wages are growing in nominal and in real terms, but disposable income is practically standing still.

According to him, for sustainable long-term growth in the well-being of citizens, a dynamic development of the economy as a whole is needed, as well as an increase in investments in the development of enterprises, infrastructure and the creation of quality jobs.

“All tasks in this regard have been set for the government. I very much hope that in close coordination with the Bank of Russia and the business community they will be successfully implemented, ”concluded Vladimir Putin.

In October, Rosstat recorded a sudden real income growth Russians. In the third quarter of 2019, the indicator grew by 3% in annual terms.