Real incomes fell in the second quarter by 8%. This figure is published by Rosstat — tellingly, later on Friday evening, as if ashamed of: the people began to relax after the working week, is going to testify, perhaps will not notice… But did not notice such a drop in income is hard: it was a record, but rather antirekordnaya in the twenty-first century. So cool the last time the index fell in the “shaggy” 1999: even in the Wake of default.
No, by itself this fall expected and understandable: a pandemic, isolation, stop the economy. Well contributing factors: increased unemployment, reduction — covert and overt — wage, nullification of entrepreneurial income. But the fact that the reduced income was a record heavy, it is, in my opinion, one coronavirus is not written off. The record had a hand of power, or rather not applied properly hand to ensure that this dramatic drop to soften.
In the end, our economy experienced less severe crises recently, in 2008-2009 and 2014-2015. But then the drop in incomes was not so strong. And now, I am sure it could be much less serious if the authorities were a little less mean and stingy, and listened to the advice of experts for the support of the population, which they excitedly gave from the very first days of the pandemic.
primarily, the government decided to “helicopter” the distribution of money to the population: relatively speaking, all 10 thousand roubles — at least during “peak” months of April and may. Thanks, of course, that they have agreed to support this amount of money families with children without this measure recorded a drop in revenues would have been much more serious. However, this blessing has left a residue. First, it was accepted not at once — only in June, though, again, people had more important support in April–may. Secondly, the authorities did not spread the payments for 17-18-year-olds, although the feasibility of such measures is obvious. Well, then, “baby” payments went to 19 million addresses, but everything in Russia has 145 million people.
About 40 million of them have loans from banks, which were required to make monthly payments, including during the isolation. Again, power could these payments be frozen for two or three critical months of the pandemic, but this hasn’t been done. In return they offered a “vacation credit” rather limited scope, which really could only use a few hundred thousand out of many millions of interested borrowers. But the deferment of payments on loans wouldn’t hit on banks (which, of course, received the necessary assistance from the state), but would be supported by real incomes. This rate, recall, is considered as the nominal incomes minus the obligatory payments: credittnye obligations just relate to the latter.
as well as the payment of utilities. Officials literally begged not to increase from July 1, tariffs on “communal” — as it was, by the way, in the last crisis. But these cries were not heeded: the interests of the energy monopolies, as well as the interests of the banks — we have above all else. Yes, the rise of housing prices — the story is not the second quarter, but this is a clear allusion to the fact that our revenues will continue to decline and, who knows, perhaps, ahead of new records for the scale of their collapse.
Someone will say that, say, all of these expected, but never made steps support, require a lot of money. Where to take them to the authorities? But officials are just sitting on bags of money! The main government “pod” — the national welfare Fund, on April 1 (the conditional moment of the beginning of “coronaries”) хранилось12,85 trillion. I think the government went all out to extinguish the economic conflagration, which, judging by the record drop in revenues, the strongest in this century? Nothing of the sort: by July 1, NWF has decreased only slightly- to 12,14 trillion. And if you count in dollars at the current rate, and even increased: from 165 billion to $ 173 billion. International reserves, on which “sits” the Central Bank, too, for this period has risen from 565 to 574 billion dollars.
So, while incomes dive down, our monetary authorities prefer people to save, saving untold “nest egg”. Meanwhile, President Putin six months ago, addressing the government, said in plain text: “increase the level of income is job number one.” And an article about the social nature of our state of the updated Constitution nobody was expunged. So that the authorities could shake your “potbelly” and to protect citizens from the mass of falling revenues.
But they prefer “over with gold wither”. However, why waste away? They are quite good and confident you feel, and perhaps even proud to pass the crisis without spending state reserves. And for me, to be proud of should other: if on the background of economic decline, the government would hold incomes. But this tale is not about us. We have a poetic verb “to wither” refers not to the state “Zlata”, and our hard-earned income.
