Russia » News from the Kremlin
Author`s name Dmitriy Sudakov

Putin can not leave inflation-stricken Russia

Before the presidential election in March 2008, Vladimir Putin promised to raise the wages for Russian servicemen and budget-dependent employees. Experts say that it may boost the inflation rate even further, which already exceeds this year’s forecast almost twice. Inflation will thus remain the biggest problem of the Russian economy during the forthcoming several years.

Having accepted Dmitry Medvedev’s proposal to chair the Russian government in 2008, Putin stated that he would keep his promise which he gave in April 2005 during his speech to the Federal Assembly. Putin promised almost three years ago to raise the income of budget-dependent employees and military men regardless of the price growth. “It goes about the required minimum. We have no right and we must not go lower than that,” Putin said in 2005. However, the inflation rate seriously affected Putin’s promises.

Making a speech at yesterday's congress of United Russia party in Moscow, Vladimir Putin offered to revise the budget 2008 to be able to raise the above-mentioned wages by 14 percent in February 2008.

The inflation rate continues to grow due to the considerable increase of the budget spending in 2007. The situation will most likely stay the same next year too. Both the party leadership and the government affirm, though, that the authorities will execute all social obligations.

Consumer prices continue to grow in Russia nationwide despite official statements. The growing world prices on food has already touched upon Russia this year. The situation may only exacerbate next year, when the prices will be set a flow again.

Source: agencies

A year after the constitutional referendum of December 4th, 2016 that saw the victory of the NAY and the blatant defeat of the government front that had proposed the referendum, it can be said with certainty that the trauma for the defeated is now past. But there is still fear in them, not so hidden either...

Italy: Free fall

On December 10, 1948 the Universal Declaration of Human Rights was adopted by the United Nations General Assembly, its thirty articles enshrining basic and fundamental rights guaranteeing dignity of the human person and equality for all, regardless of race, color, creed or gender. A pipe dream?

Human Rights Day: Let us hang our heads in shame
Comments
Putin makes first comment on Trump's Jerusalem decision
Putin makes first comment on Trump's Jerusalem decision
Pentagon can not accept Russia's victory over terrorists in Syria
Putin makes first comment on Trump's Jerusalem decision
Putin makes first comment on Trump's Jerusalem decision
North Korea has something bigger than nuclear bomb
Mikhail Saakashvili's bumpy ride in politics: From chewing his tie to climbing on rooftop
North Korea has something bigger than nuclear bomb
North Korea has something bigger than nuclear bomb
North Korea has something bigger than nuclear bomb
North Korea has something bigger than nuclear bomb
Russia unveils the date for the launch of the superbridge to Crimea
Pentagon can not accept Russia's victory over terrorists in Syria
Putin: Russian servicemen return home from Syria as victors
Russian athletes announce their decision about 2018 Winter Olympic Games
Serbia forgives USA for 1999 bombings, forgets all victims, holds joint drills with NATO
Why did Donald Trump recognise Jerusalem as the capital of Israel?
Why did Donald Trump recognise Jerusalem as the capital of Israel?
Why did Donald Trump recognise Jerusalem as the capital of Israel?
Why did Donald Trump recognise Jerusalem as the capital of Israel?
European Court of Human Rights: Promoting filth and insolence