Putin: Russia is one of the five largest economies in the world
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At the end of 2022, Russia entered the top five largest economies in the world and overtook Germany in terms of purchasing power parity and economic volume, Russian President Vladimir Putin said at a meeting of the Council for Strategic Development and National Projects.
According to the president, the growth rates of the Russian economy and the current budgetary situation are stable and do not carry risks. In July-September, the Russian budget will be reduced to a surplus, and by the end of 2023, the excess of revenues over expenditures will amount to the planned 2% of GDP.
July 5, Putin at a meeting with Prime Minister Mikhail Mishustin declaredthat Russia’s economic indicators turned out to be better than forecasts, which gives hope for the solution of all the tasks set during 2023. Mishustin, in turn, drew attention to the fact that by the end of 2023, GDP could grow by more than 2%.
On July 31, Vladimir Putin said that Russia’s economic development is the basis for solving the problems facing the country.
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