22 May 201909:23
Accounts Chamber Skeptical About People’s Income Growth in 2019
UrBC, Moscow, May 22, 2019. Russians’ factual incomes are highly unlikely to go up this year, Russia’s Accounts Chamber’s analytical report on the federal budget/the state-run non-budget funds’ budget implementation in January-March 2019 states. ‘Both Urals oil prices and the ruble exchange rate kept going up throughout the first quarter of 2019. Inflation rate went up to 5.3% a year in March, industrial production output increased by 2.1%, and retail trade turnover increased by 1.8%. People’s factual disposable incomes, however, kept dropping (by 2.3%),’ the report indicates. According to