Putin: the fundamentals of the Russian economy are encouraging

Putin: the fundamentals of the Russian economy are encouraging


STAVROPOL, 25 Jan. The fundamentals of the economy allow to show cautious optimism for the development of the situation in Russia, said the Russian President Vladimir Putin.

“Fundamental, basic principles of Economics allow us to be optimistic restrained. Why? Because inflation has grown, we have a budget deficit less than we expected, the Finance Ministry reported at 2.6%, probably is three or more. But we have a trade surplus, that is, we trade more we earn, what we eat, and big enough reserve funds and low debt state,” said Putin during the inter-regional forum of the popular front.

“When low inflation and low debt is one of the fundamental basic conditions for future development. Of course, we should save it, to act in the social sphere is also very carefully without inflating the cost, but providing, of course, the living standards of citizens,” the President added.