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Presidential Executive Office2023
Events

Meeting on economic matters

August 26, 2019
13:15
The Kremlin, Moscow
Meeting on economic matters.
Meeting on economic matters.

Vladimir Putin chaired a meeting on economic matters to discuss the main factors of economic growth and developments in the real economy sector.

The meeting was attended by Chief of Staff of the Presidential Executive Office Anton Vaino Vaino Anton Vaino AntonChief of Staff of the Presidential Executive Office , Presidential Aide Andrei Belousov Belousov Andrei Belousov AndreiFirst Deputy Prime Minister , First Deputy Prime Minister – Minister of Finance Anton Siluanov Siluanov Anton Siluanov AntonFinance Minister , Minister of Economic Development Maxim Oreshkin Oreshkin Maxim Oreshkin MaximAide to the President and Central Bank Governor Elvira Nabiullina Nabiullina Elvira Nabiullina ElviraGovernor of the Central Bank of the Russian Federation (Bank of Russia) .

* * *

President of Russia Vladimir Putin: Good afternoon, colleagues.

As per tradition, we have gathered in this format to discuss the key factors that influence our economic progress and developments in the real economy sector.

I would like to remind you that Russia’s GDP increased by 0.7 percent in the first six months and that industrial growth was 2.6 percent in the period of seven months, including 2 percent in manufacturing.

These are certainly positive results, yet we are not satisfied with this trend. We must make economic growth more sustainable and more dynamic. Today we will discuss the additional decisions we need to take to achieve this.

A positive factor I would like to mention is the inflation rate. Annual inflation is gradually moving down to the target figure and is currently around 4.5 percent.

However, people’s actual income is growing very slowly even despite these developments and despite wage increases. This can only cause concern.

I would like you to speak about the practical steps we should take to increase people’s incomes and, overall, to ensure a more sustainable growth of our economy.

Let us begin.

<…>

Topics

  • Economy and finance
  • Industry

Publication status

Published in sections: News, Transcripts

Publication date: August 26, 2019, 13:15

Direct link: en.kremlin.ru/d/61373

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Official Website of the President of Russia:

Meeting on economic matters

http://en.kremlin.ru/events/president/news/61373

Last updated at August 26, 2019, 15:40

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