Putin: high salaries are important for the economy

16:03; 20 June 2025 year

High salaries affect the structure of demand.

The Head of State reported a decrease in the number of poor people.

I would like to say separately and emphasize that we have achieved a record reduction in the level of poverty in the Russian Federation in the entire history of the country. By the end of last year, it amounted to 7.2 percent. And the positive dynamics remain here.

"According to the results of the 1st quarter of this year, compared with the same indicator a year ago, the number of citizens with incomes below the subsistence level decreased by more than 2 million people," Putin noted.

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