Putin predicts 1% growth for Russia
Russian President Vladimir Putin expects Russia's economy to grow by about 1% this year, with inflation gradually slowing down. He also pointed out that the budget deficit for the coming year will remain around 2% of GDP, and that the federal budget achieved a surplus of 606 billion rubles (approximately $7.17 billion) last month, based on a conservative estimate of oil prices at $50 per barrel. Additionally, he confirmed that oil and gas revenues are expected to increase, which will help fund the social welfare fund, while addressing the risks of hyperinflation and threats to international shipping and commerce.
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