Economic figures turn out above projections in early 2024: Putin
Russia's economic growth at the beginning of the year were above projections, Russian President Vladimir Putin said, adding that the country’s GDP grew by 6 per cent in January-February year-on-year.
"The data at the beginning of the year turned out to be above forecasts provided by the government, the Bank of Russia and some experts. Russia’s GDP grew by 6 per cent in January-February in annual terms," he said at a meeting on economic issues.
Russia’s federal budget revenues rose more than 1.5-fold in January-March year-on-year, Putin said.
"[Russia’s - TASS] economic growth positively influences the federal budget, with its revenues surpassing last year’s level substantially. In particular, non-oil and gas revenues surged by 43% in Q1, whereas total federal budget revenues increased more than 1.5-fold in three months compared with the previous year," he said.
Industrial activity is on the rise as well, the president noted, adding that industrial production rose by 8.5 per cent in February, which is "notably higher than in January when growth totaled 4.6 per cent."
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