“The results are quite noticeable. Over the past two years, the Russian economy grew by 4.1%,” Shoigu noted. He added that foreign trade maintained positive dynamics, increasing by 3.8 billion over the year to exceed 716 billion. The surplus of the foreign trade balance grew by 7 billion, reaching approximately 146 billion. Additionally, Russia’s external and internal debts have decreased, and the financial and banking systems have demonstrated resilience.
Shoigu also highlighted that industrial production increased by 4.6% in 2024, primarily due to an 8.5% rise in manufacturing output. Federal budget revenues, including non-oil and gas revenues, grew by approximately 26% in 2024, while the federal budget deficit decreased from 2.7% of GDP in 2023 to 1.7% in 2024. Investments in fixed assets rose by 8.6%.
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