Putin: Country’s financial situation improves better than anticipated


(MENAFN) Vladimir Putin, the leader of Russia, stated on Wednesday that the nation's financial condition has improved than initially anticipated and would enable it to achieve all of its objectives.

“Our results, at least thus far, let’s say cautiously, are better than expected, better than the forecasts. This gives us hope that all the tasks as we have set them, will be fulfilled,” the leader declared throughout a conference with Russian Premier Mikhail Mishustin.

According to Mishustin, who also noted that the economy is currently on path for recovery and ongoing expansion, the administration's prudent and balanced economic strategy made it possible to fend off outside pressure. Based on the premier, the GDP increased by 0.5 percent in the first 5 months of 2023 and is projected to increase by over 2 percent by the end of the year.

He further emphasized the rise in real earnings in Russia, that increased by 4.2 percent between January and April. According to the premier, nominal earnings increased by 11.4 percent over the same span of time, while real wages increased by 10.4 percent.

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