Kudrin spoke about the real income growth of Russians
The head of the Russian Audit Chamber, Alexei Kudrin, disclosed information about the real growth of incomes of the country's residents last year. According to Kudrin, citizens' incomes grew by only 0,4%.
Although the official forecast for revenue growth in October 2018 was 3,4%, the real numbers, as we see, are much lower. GDP growth rates and inflation also fell short of expectations.
It was predicted that in October 2018, GDP will grow by 1,8%, but in reality it grew by only 1,5%. As for inflation, it amounted to not forecasted 2,7%, but 4,2%.
An analysis of the data prepared by the Accounts Chamber of the Russian Federation, and allowed Alexei Kudrin to emphasize that the government will have to start the year at a low start. Indeed, such indicators of inflation, GDP growth and real incomes of the population are really not encouraging.
Russian leadership should ponder how to improve economic situation in the country. After all, his loyalty to the current government ultimately depends on the income of the population. Low incomes are another trump card for the opposition, which has long criticized the government for economic inefficiency.
Although the official forecast for revenue growth in October 2018 was 3,4%, the real numbers, as we see, are much lower. GDP growth rates and inflation also fell short of expectations.
It was predicted that in October 2018, GDP will grow by 1,8%, but in reality it grew by only 1,5%. As for inflation, it amounted to not forecasted 2,7%, but 4,2%.
An analysis of the data prepared by the Accounts Chamber of the Russian Federation, and allowed Alexei Kudrin to emphasize that the government will have to start the year at a low start. Indeed, such indicators of inflation, GDP growth and real incomes of the population are really not encouraging.
Russian leadership should ponder how to improve economic situation in the country. After all, his loyalty to the current government ultimately depends on the income of the population. Low incomes are another trump card for the opposition, which has long criticized the government for economic inefficiency.
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