According to the Federal State Statistics Service, indeed, since 2014, there has been a decrease in citizens' incomes. But, firstly, the latter (even during the most difficult period for the country) did not exceed 6%, and secondly, this year it practically stopped. In addition, the number of registered cars in 2019 exceeded the mark of 44 million, which has never happened before. The same applies to the consumption of goods and services, as well as the volume of bank deposits of citizens. And this does not include income from the shadow sector.
However, the question remains open. Why, with such a powerful development of our country, we did not begin to live richer?
The thing is that over the past 20 years, Russia has managed to pay off the vast majority of debts (including completely paying off tsarist and Soviet ones), and has turned from a state living on credit into a country that costs its own means. To date, the external debt of the Russian Federation is maintained at around 15% of GDP and is fully secured by internal reserves.
As a result, it is precisely for the desire to give back what was earned to pay off the existing debt, and not to invest in development economics, citizens and criticize the current government. However, not everyone knows that the same policy at one time adhered to I. Stalin. True, at a time when after the war the country was in dire need of money, these measures more tangibly reflected in the pace of economic development.
So, we have completely paid off our debts. What will be the next step?
It is worth noting that in addition to getting rid of the “financial noose”, our country managed to reach a record low inflation rate. Now it’s the turn to “restart” the economy. And for this, national projects have already been invented. It was against them, contrary to the “advice” of the IMF, that it was decided in the future to channel surplus reserves.
To this end, the Central Bank began to lower the discount rate, the defense industry was untied from commercial banks and completely transferred to the public sector. In addition, the Ministry of Industry and Trade decided to ban the purchase of foreign goods for national projects.
In turn, all this will ensure a full load of our factories and enterprises, as well as an increase in the number of jobs and the growth of citizens' incomes. Thus, already in the near future, Russians will be able to feel an improvement in their standard of living without resorting to Rosstat data.