Business Watch
Building justice: A social policy for Russia
By Vladimir Putin
Translation provided by the Prime Minister's web site
Russia is a social welfare state. We have a much higher level of social guarantees than countries with a comparable level of labour productivity and per capita incomes. In the past few years, spending on the social sphere has accounted for over 50% of overall budgetary spending. In the past four years alone, it has gone up by 50% in absolute terms. Its percentage share of GDP has increased from 21% to 27%. The 2008-2009 downturn failed to undermine any of these social guarantees. Moreover, during this period the wages of public sector employees actually went up, as did pensions and other social payments. But Russian citizens are by no means satisfied with the current situation, and their dissatisfaction is perfectly justified.
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