Putin says poverty rate in Russia falls to 10.5% in July–September

MOSCOW, Nov 30 (PRIME) – Russia’s poverty rate decreased to 10.5% on the year in July–September, Russian President Vladimir told the government on Wednesday.

“According to the results of the third quarter, the poverty rate decreased to 10.5%... A year earlier in the third quarter it was 11%. The decrease is really small. But it is important that there is a definite positive trend in the current difficult economic situation. We have to maintain the tendency,” he said.

He also said that inflation in Russia will go down next year and the government must achieve growth of wages in all fields.

Putin called the main task of the authorities to achieve real growth of income, tackle poverty and inequality in the country.

Russia

Russia’s wages grow slightly above the forecasts and the government should achieve the same dynamics in the state sector, Putin said.

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