Putin demanded to achieve an increase in real incomes of citizens by at least 2.5%

Russian President Vladimir Putin, during a meeting on economic issues on February 17, demanded to achieve an increase in real incomes of citizens by at least 2.5% this year.

“This year, the real disposable income of citizens should grow by at least 2.5%. Such guidelines have already been set for the government, and this task must be solved,” he stressed.

The head of state pointed out that the dynamics with the country’s budget revenues this year is preserved, it is necessary to continue to follow the budget rule, to ensure the stability of macroeconomic indicators.

At the same time, Putin noted that the increase in the income of the population should be implemented not only through effective measures of social support, but primarily through economic growth.

“This is a basic condition for solving social problems,” the Russian leader summed up.

During the meeting, Putin also called on the government and the Central Bank of Russia to coordinate their efforts to fight inflation. According to him, the fight against inflation is a serious challenge for most countries of the world. The head of state stressed the need to focus joint work on eliminating internal and external factors of inflation.

Earlier, on February 11, the head of the Central Bank of the Russian Federation, Elvira Nabiullina, said that the Bank of Russia would raise the key rate until the Russians realized that deposit rates compensated for inflation. On the same day, the regulator raised the key rate for the eighth time in a row, to 9.5% per annum. As noted in the Bank of Russia, inflation is developing “significantly higher” than the October forecast.

On December 31, during the traditional New Year’s address, the Russian leader recalled that the main goal of the authorities is to increase the welfare and income of Russians.