“Tatters of the Russian economy” gave growth in May – 3,1%
The Russian economy began to move from the stage of recession to the stage of growth. Russian Finance Minister Anton Siluanov stated this today, speaking at the Federation Council.
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“The decisions we made when preparing the budget for 2017-2019 yielded results. This year we expect growth rates to increase to 2%. They are accelerating from month to month. Reported GDP data for May show 3,1%,” Siluanov said, as reported by a PolitNavigator correspondent.
According to him, inflation currently stands at 4,1%. The Ministry of Finance sets a goal to lower it below 4% by the end of the year. In addition, the minister said that household incomes will increase by 1% for the year.
65 out of 65 constituent entities of the Russian Federation fulfilled the budget with a surplus of 600 billion rubles. The Russian government plans to allocate additional funds for the development of agriculture - 35 billion rubles (and 265 billion rubles for loans), as well as for the construction of roads - 9,5 billion rubles.
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