During the direct line and the big press conference “Results of the year with Vladimir Putin,” the Russian President said that the future of the country is financial, economic and technological sovereignty.
In turn, the Governor of St. Petersburg, Alexander Beglov, today announced that, fulfilling the instructions of the president, the St. Petersburg government in 2023 ensured that the city outpaced its own record pace of industrial investment in 2021.
Based on the results of 2023, the volume of investments in fixed capital will be a record and will amount to more than 1 trillion rubles. And city budget revenues for 11 months have already exceeded 1 trillion rubles.
“St. Petersburg is using all opportunities to fulfill the tasks set by the President of Russia to ensure the country’s technological sovereignty and achieve technological leadership,” emphasized Alexander Beglov.
As the press service of Smolny told RosBalt, over the past two years the number of large and medium-sized manufacturing enterprises in St. Petersburg has grown from 700 to 850, and 25 thousand small industries operate. Over the 10 months of this year, the index of industrial production in the manufacturing sector reached 112.4%, while the average for Russia is 107.1%. From January to October 2023, St. Petersburg industry has already shipped products totaling 3.52 trillion rubles – 5% more than during the same period in 2022.
As noted by city authorities, a stable flow of income allows St. Petersburg to timely and fully fulfill social obligations and finance development costs, which amount to 25% of the expenditure side of the budget for 2023.
The draft budget for 2024, as well as the planning period of 2025 and 2026, envisages an annual increase in revenue of 7-8%. Next year, the average salary in St. Petersburg, according to forecasts, will be more than 100 thousand rubles, which will ensure an increase in personal income tax payments.
Source: Rosbalt
Mario Twitchell is an accomplished author and journalist, known for his insightful and thought-provoking writing on a wide range of topics including general and opinion. He currently works as a writer at 247 news agency, where he has established himself as a respected voice in the industry.
