Putin: slow growth of public's real incomes raises concerns

Putin: slow growth of public's real incomes raises concerns

Russian President Vladimir Putin expressed concerns about the slow growth of real incomes.

"Given the increase in wages in the economy, real incomes of people are growing slowly," the Russian leader said, opening a meeting on economic issues. "This raises concern," TASS cited him as saying.

At the same time, the president noted that there are positive factors. In particular, he said, inflation is gradually approaching the target. "Now it is about 4.5% in annual terms," he stressed.

Putin invited the meeting participants to express their thoughts on what concrete steps should be taken to increase citizens' incomes and, on the whole, to give more sustainable economic growth.

The meeting was attended by the head of the presidential administration Anton Vaino, assistant to the president Andrei Belousov, First Deputy Prime Minister and Finance Minister Anton Siluanov, Economic Development Minister of Maxim Oreshkin, head of the Bank of Russia Elvira Nabiullina.