and the 2nd quarter of 2023 should be inflation. will reach the target of 4 percent . summary, or please come close to that. in some countries we're seeing 17 or 18 or even 20 percent. and we have 4. well, maybe 5 central bank of the finance ministry have differing assessments, but we're still getting close to the target considering this. and so be the positive dynamics of other macro economic indicators. we are shaping our strategy with regard to long term credit traits. and i think that loans must be more accessible across the country. you will not. those are a lot of the long term savings of people need to be more sustainable. and when i request the governments to accelerate introduction of dropped laws, i get to launch state program in april this year to create the school other way.

that's a condition. so it's for people to invest and to earn money, you know, going back around to masterfully. but i will need your company and we must secure the people savings, bank of and retirement fund them. so we need to ensure an effective insurance for people with the deposit set them up. i think we have a good, but i wouldn't be a good program to ensure voice people's investments and i think we should have even better conditions for pension funds. those you know that we should teach listening . you know, we must also protect people's premium. don't just use of long term longer term investment tools and including insuring against bankruptcy and additional support as needed to bring in more capital growing businesses,

they must have access to domestic stock exchanges on better terms. and usually it should be better both companies and for buyers of shares of even the batteries. there were many countries who wanted to advise and we thought that it was, it was sufficient to just copy their models. what's coming though, i remember that the europeans and the americans had some disputes on how the russian economy should develop. but what did we get? so the russian national economy became west oriented switching to a large extent. and it was mostly viewed as a source of the role commodities. and the reason for that is clear really the russian business, which is if you will not fill in these, which was the mostly oriented towards getting

a quick profit like businesses want to do some of the resource for you and the best source of a quick profit was found in selling natural resources that renewables such as oil and other resources. so they didn't think about long term investment. so the more value added sectors of the economy only developed the weekly. and then, and then we need to, we needed to break the trend and to reverse it much stephanie, we had to restructure the system of governance a to support investment loading with you. and we do have a substantial results. but if you did, but we need to remember the situation, where are you from big businesses developed which and of, oh yeah, we're good in the room is western companies had dis, disney access to capital,

and they were the best markets were in the west. and so capital started flowing in to the west, lisa worcester, and the public about all the media. and so instead of of modernizing a production facilities, instead of creating new jobs here in russia, natalie, now companies spent their money. yeah. the elite mooney used to buy but not much lead housing abroad and my beer on with business. people's tried to invest in a luxury that you can like tree feebly purchases and regret to what they try to be rich and to show it off from you. and of course, having connected themselves to the wet so much, they sent their children abroad to study in your work. and it became very hard to disassociate mostly from the west to be in the because we lived in a western paradigm economically. when you begin to share the west,

tell africa that started to be seen for issue as it you do a safe haven and place at us where you could always land is which new it turned out to be an illusion when you and those who planned their future in the west and are wanted to go to go there after they get enough money leveled. were ultimately dr. through like a scammed out of their money, but i should be thinking about his caribbean. yes, cuz i remember that's what i said had been as speaking to representatives of the russian businesses that they would have faced a lot of trouble trying to get the riches back in various offices in the west. and that's how it turned out as well. and now i will add one simple thought you to use, but us the class, none of the ordinary citizen, russia, you don't have any pity for those who lost their money in western banks.

we really duly. she'll see the what absorbed there will be room the bent for those who lost their mansions and yachts and in the kitchens. and the people are speaking about the privatization that happened in the 990 s. when they entered prizes that revealed by the entire countries were sold cheap and the luxury of the so code never reaches from russia with, with what's also important. all those here is for the collapse of the soviet union . the west attempted to who hosts how it states on pire and to finish all russia as the biggest part, the power historic state. they were encouraging. they were repeating international terrorists against towns. they were pro king regional complex along our porters. they were ignoring our interests and they were using economy tools to suppress us to containers and larger russian enterprises. why i'm saying based,

larger russian businesses are responsible for a strategic enterprises, 4000 strong collectives. they define the situation in the region. so the situation when the owner is when the administrators have such businesses are dependent on the states who perceive unfriendly policies towards russia is a big threat to us, to our security, to security of our country and such state of affairs. we cannot tolerate the answers to everyone as a digital choice. someone wants to know their days when they're in arrested mansion with frozen accounts. they will try to lubricate a place in an attractive western capital or a resort or in some other were in place abroad,

which it is the right of any person. we are not trying to read them of they tried, but it's high time window to that for the west. such people always be in a 2nd trade. you allianz and they can do anything. b, one, money and pies and the titles of nobility that they bought and they will not help them. and they have to understand that are they are a 2nd rate citizen spare. but there is also another choice, least in the week this year to be with your countering with your model and just to work for your fellow students. not only to launch new enterprises, but to change around yourselves for the batter inside is in towns and smaller settlements. and such on trip foreigners such binders from the business circles who we have plenty of them bullshit and the future of branch and businesses with them.

everyone has to understand the source of well being. well, 1st, you'd be here in their home country, in russia, you talk them with the students, and then with them with afraid, curable, independent self sufficient economy. that will not shattered soldiers from the world, but will use its competitive advantages. the capital's money that were earned here it must be used to develop the country. we have so much potential in developing infrastructure, tourism, and other areas in the me. i would like jimmy to be heard by those who face to face aggression from the west. trying to brian around and back to humiliate yourself, to return your money. you will not help them to be useless

or special. now when you understand it's just who you are killing way, you should not have gone to the past. you should not try to seal them to back them to return something. you shouldn't change your life, your ways and your strong people. i am talking to our business men. i know a lot of them personally for many years. if you're strong people who have vast experience, you should start new projects. you should make more money, saturday's money, and rochester, in the bathroom, in your jobs and in schools, in universities, in science and health care, in culture and sports. only these way. you will both multiply your capitals and you will yield the gratitude of people, generations to come and state and society will support you in safford. the

initial license can theaters that it's an encouragement our businesses about how they should build their work, rushes and open country. but it is a junior independent solicitation in these critiques, and we are not trying to consider ourselves exceptional or superior. but this civilization is our, is the main thing we inherited from our ancestors. and we should preserve it for our descendants, and we should pass it on. we will develop operation with our friends with everyone who is willing to work together. we will learn from the best. but 1st of all, we will count on our own attention on the creative power and potential of crushing

society on our values. and i would like to speak about the character of our people was always chan or is he augusta and cordial. and russia is a country writ flags these trades. i mean, we know how to be friends, how to be true to our reward. we will not let anyone down and we will always support in the difficult time. for me, we will always come to the rescue to those who are in dire straits. everyone remembers how during the ban, danny, we were the 1st ones to support some of the european nations, including italy and other countries. during the most difficult weeks of the pen. danny, called the covey outbreak polish, and we come to the 8 when the military union, there is an earthquake, like it happened in syrian and turkey. not all the people of russia didn't get the . that is the foundation of the sovereignty of prussia, the source of power, the freedoms and rights of receipt is in so much when you are guaranteed by the

constitution, despite all the external challenges, implants will not walk away from them. and in this regard, i would like to emphasize with, if you put your which i would like to emphasize that elections and both the regional and local administration and residential matching of 2024 will be held in accordance with the law is in accordance with all that in the craddick and constitutional procedures, elections has always is about the approach and resulting social and economic tasks . the political, the forces are consolidated about the main thing. and the main thing is, is the safety and welfare of our people. well being of our people sovereignty and national in toronto, i would like to thank you for such a responsible firm position. and i would like to remind you about the words about patrick and estates mentors the lip. and he said that during his speech and stay do

me a more than 100 years ago. but they still ring true. he said to that i, when it comes to the protection of russia, we all must join our efforts concert, our efforts and our responsibilities and our rights to what we should support one, what i hi, zed, right in the right of russia to be strong. i just didn't know, but i was of got to read all the volunteers that are now with the front lines there and said to me with deputies and from the regional parliament representatives from

the when you to our various level municipalities from the cities and districts and rural villages, all the poly men, 3 parties and movements are contributing to the humanitarian relief for the front line. once again, he was a thank you. thank you for such patriarch position. i little neural and will be if you're going to the huge road to strengthen the civil society in resolving day to day issues is the local administration, the closest administration to the people that it depends on them, how? because the trust to the state and social well being corporate people and how confident they are about the future of the country. i would like to instruct that administration of the president and the government to come up with suggestions on how we can create tools to support bass, administration, teams and practices in smaller or medium level municipalities. the development of

the society means, responsibility for yourself and for your close ones for your account tree. these trades should be trained from childhood in the families and strengthening of our values of the national identity. we should do it via strengthening our culture and you know, ready cation and our barriers, body, and agencies are the state will support premium, all these efforts, the traditional and contemporary art rally as i'm an avid guard classic and innovation. so it's not about john risk, it's not about directions. art should serve beauty, harmony, but we lost some time as it should. sad, controversial questions about life, but the main thing, it should not destroy the society, but to bring out the best quality is in a man. but we do need to spend that human. what did he get?

the development of cultural will be one of the priority is when the peaceful life will be restored and done bad. we should re story hundreds of institutions of culture, including museums, buildings of the museums, something that will allow people to feel that connection between the past and the present. to tide with the future. i should belonging to them to just the one cultural historic educational space of the great russia, and that is many centuries old with our teachers we got signed his special is to help us to prove the quality of our higher education in liberal arts, in history and geography and literature sold that our younger people could learn as much as possible about the great pass of our country about its culture and traditions. we have very talented younger generation that is eager to work for the

future for a country in culture in science, in sports and business and in administration. areas for such people new horizons of professional growth is given by the such program as us leaders of raja figured out the lead it was it and leaders of neutral renovation that is now being held in the regions partially. but i've been to me and some of the participants of this programs have volunteered to join me. a lot of them are working a deliberate a territory. they help to restore the civilian peaceful life and they act professionally and they act as true heroes. because this school of convert cannot be replaced and substituted with anything. for this, people are ready to risk their lives for their homeland, whatever the work, wherever they go. as you put your new team and i would like to emphasize it is on

those who are burn, don, this and number a c a will be the main pillar. it should become the main pillar in developing this regions and restoring this regents. i would like to read them and i would like to tell them the trash is counting on you secure them much definitely that that they should be considering large detailed tasks that are a country spacing. we shoot a john's a reproaches to the training department. but if they're willing to do hiring policy, we have talked about they need to clearly defined the priority is to focus our resources on achieving concrete and principles, scientific results. first of all, in those areas where we have a good foundation and that are of critical importance for the life of the country, including transferred to energy media community, some health care package of the new technology is almost always entertained

by bond to mental researches. and in this area, like in culture and liked and society based, but in just a few of them, we should give scientists and researchers more freedom to be creative because you cannot make api one. think about the results all for you tomorrow. the science works according to home logic and resolving completion. goals is the strong emphasis for the younger people to joined the science and ability to prove yourself as a leader as the best one in the world. and our research seems they have a lot to be proud of. last december i met young researchers and one of the questions that they were raising is housing was, well, maybe it's a trivial thing, but it is important. think nevertheless, we have housing certificates for young scientists. in the last year, additionally, we have allocated one bill in rebels for these goals. i instruct the government to

find the research should. to expand this program with them. i shoot you over the last year, the prestige and authority of the legal professional dictation, vocational education has grown. there is a lot of interest to these kind of education since the unemployment is historically low. now for point 7 percent, that means that people have jobs. so we need new personality, new people. i think that we should practically expand the project of the occasional education that was in the class and to create class started. and what great news you did if occasional basis, you come in and toward the enterprise, us to work together with the colleges coming from the needs of the economy. and it's very important to have the instructor has been teachers who have experience from practice can please from enterprises,

the goal is or the next 5 years to train some one meal in professionals for, for electronics before they in the middle for about 50 pharmaceuticals, for agriculture and or defense industry for construction, for transportation, for nuclear in other areas that are of key importance or safety security and to preserve competition level in russia, mac. and so he wasn't working. and finally, the very important issue, not really of our universities. we could do more work. some amendments need to be done to the system. considering the new requirements from all sectors of the economy and other parts of our life. we need to combine the successes of the soviet system and the experience of the recent decades. and here i'd like to suggest the

following. firstly, we need to return to the basic training of woke up with you people whether higher education that has been traditional for our country. look at what you numerous as they did. you do based on 4 to 6 years, a study of moist with now was and it was in the programmer, krazny, but one university, if you could provide a different programs except for one on the same usually by our type of education depending on the requirements of the sector which you, melissa, and if, what are those recovery the person has that would you are, you know, i received education right on the i would have a family over there one year. we are narrow field here and they may continue their education on a master's program report that were just good you and with your we also must have

graduate programs for those who want to engage in teaching or research. when the can jointly with that the parliament will need see, wouldn't get the elaborate amendments to the open and agitation and employment law . we'll have to think this through only be really good. we are, workers are young. people need to have new opportunities for education and of, for employment and professional development was. so i repeat, they need to have opportunities and not problems here. so, but me yesterday and think a great widget. and as i would like to emphasize about what those students you condra republish in university today, it will continue with the programs that they currently have gone through. and actually i would you the, the dc wishing programmable olivia education, significant and diplomas. of those people who have already did it safer,

a received education of charity. i should not as yet lose guzman and should not he was out in the situation of will become through. so this needs to be monitored closely here with him in the group in a 7. in order to make this happen, what this year is for a year of the teacher and you, our teachers are very important. they are building the future of our country. but what i did, so we need to raise the prestige and the wellness of the role of the teacher in our country so that parents teach their children that they need to feel grateful. and that teachers respect parents and the role of the family. let's always remember that i didn't as the no loose. no, but yes, good. yes. for iraqis. you he, me at me. i think that to so i am support for childhood and the view family in deserves special mention the boss didn't you? our budget for such support measures has grown one or several times over m, with the earth look at so one of the fastest growing sections of the national

budget had your public larry. and i would like to thank a we just was at the parliament and the government, italy here, and there before that consolidated approach to our national priorities. yeah. would you be starting with the february 1st 0 the maternity capital no. for your school indexed to, to reflect the actual inflation of philosophy or that is 11.9 percent 1000000000 greater than that. and this now actually also looks to be a covers people living in the new regions of the russian federation built with daniel, you will grant an eternity capital should be provided to people in the don't have cameras gas republics. and the customers approach on carson regions which rise to families seeking over border who have toys had children as since a 20. 07. this is my proposal, toys that will my, me and the got it. the program on that you ladies with so of hearing not only like

was a period of eligibility, should be the same as in russia, is what i'm trying to say. i want to remind you that we made the same decision for people living and try me and sort of stop on with your programs to improve the well being of rational families that will be expanded when you shoot, you may, all the levels of government will be instructed to ensure that the growth of real incomes and an important indicator here is not the minimum pay by which we increased it $2.00 times last year. due to a total of 20 percent. and we will continue to increase the minimum level of pain reflecting inflation. and with putting the q 2 we have already reflected issue with inflation to the level of 6.3 percent since the start of this year. and i suggest that we can carry out an additional minimum

indication of the 10 percent. this means that the minimum pay will grow point 18.5 percent. to be 19242 roubles years. because then us now as regards the tax system and adjusting it to benefit the russian family, assume yet you really need starting this year, families with 2 children or more. you will not have to pay your real estate taxes if they want to buy a new apartment or house and you need to make, why do you use such instruments without, there has been a significant demand for those families. can use them to, you know, go which.