This year in Russia there is a decline in real wages, its share in GDP is falling, accordingly, an increasing share of the profits. The leaders of growth are the energy sector, food industry, ferrous and nonferrous metallurgy and the production of fertilizers.
MOSCOW, 19 Oct. Enterprises of the Russian Federation in the economy as a whole will show a profit in 2015 amid falling real disposable incomes, said the Deputy head of the Ministry of economic development Alexei Vedev at the meeting of the budget Committee of the state Duma.
“As for inflation, for the first time in 17 years this year we have seen a fall in real incomes, and the decline in real wages this year we estimate a 10 per cent,” he said, so the share of wages in GDP is falling and, accordingly, the profit share is growing. Among the leaders of growth by sectors he named the fuel and energy complex, food industry, black and nonferrous metallurgy and the production of fertilizers.
“We need to remember that two-fold drop in oil prices this year was the devaluation of the ruble, therefore, the net financial result of Russian enterprises, or profit on economy will be positive,” he concluded.
“What is happening this year, I referred to as structural reconfiguration. If in 2009 the industry was dropping the whole “United front”, now there are leaders and those who suffered losses”, — noted the Deputy Minister.
