Real disposable cash income of the Russian population fell by 3.6% in the first quarter of 2021 compared to the first quarter of 2020. Such data are presented in the new monthly report of Rosstat on the socio-economic situation in the country.
As noted, the first quarter of 2020 was not affected by the coronavirus crisis. In this regard, in future reports, Rosstat expects a turn in revenues to growth (since the second quarter of 2020 saw a lockdown and massive layoffs and wage cuts caused by the crisis).
In the report, Rosstat also revised the data on the decline in real disposable income in 2020 from 3.5% to 3%. The overall lag of the indicator from 2013, when the last time there was a steady increase in the income of the population, was 10.1%.
Initially, the publication of the estimate of revenues for the first quarter was scheduled for April 20, however, Rosstat postponed it to April 29, explaining this by the need to clarify some components of revenues.
On April 21 – the day after the planned publication of the Rosstat report – Russian President Vladimir Putin delivered a message to the Federal Assembly. In his message, he promised that “the real disposable income of citizens will definitely be restored.”
On April 28, the government demanded that Rosstat change the methodology for calculating the real income of Russians due to the fact that the results differ from reality. “People are beginning to compare this with their personal income, with their salaries, pensions, social benefits. This causes a very big discussion, “- said the head of the Ministry of Economic Development Denis Manturov.