Putin instructed to index the salaries of state employees in order to prevent their “flow”

President Vladimir Putin spoke about the risk of a “leakage” of personnel from the public sector. In this regard, he instructed to index the salaries of employees in a timely manner.

“At the same time, I draw the attention of the government: it is necessary to strictly adhere to the established goals for the salaries of specialists employed in the public sector, otherwise there will be a spillover. We understand that people will leave the public sector. We need to index them in a timely manner, these wages,” Mr. Putin said at a meeting on economic issues. His words are given in site Kremlin.

The president toldthat unemployment in Russia fell to 3.2%. For the first time since 2018, average salaries showed double-digit growth rates, in April the growth was more than 10%. “In general, the result is good. It is even higher than expectations and preliminary calculations,” the head of state said.

Vladimir Putin at the beginning of the year saidwhich instructed the government to index the public sector in January.

The Ministry of Economy expects real wage growth to be 5.4% in 2023, and 2.8% each in 2024 and 2025. The agency believes that the growth of real wages will be affected by a slowdown in inflation, low unemployment and employers’ competition for labor.

Leonid Uvarchev