Major growth in Russian real wages predicted ...News

News by : (Russia Today) -
Net incomes are expected to rise by the most in five years, according to the Ministry of Economic Development Real earnings in Russia during 2023 will grow more than previously expected, the Ministry of Economic Development stated on Friday, predicting an increase of 5.4%. The figure is a substantial upgrade from the ministry’s earlier projection of 2.6%, and would represent a five-year maximum. “We expect an increase in the income of the population, first of all, wages. This year, in real terms, they will grow by more than 5%,” the head of the ministry, Maksim Reshetnikov, was quoted by Interfax as saying. He not

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