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Amur Region Strengthens Its Socio-Economic Positions - EastRussia | Far East

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Amur region strengthened its socio-economic position

Amur region strengthened its socio-economic position
Photo: amurobl.ru

At the end of 2019, the Amur Region strengthened its socio-economic stability. This is evidenced by the main macroeconomic indicators: regional budget revenues increased by 20% to 61 billion rubles, this allowed to increase the remuneration of labor for “not specified” categories of state employees, update the material and technical base of institutions, eliminate the shortage of medicines for the population, expand the list of social support measures .

As the governor of the Amur region Vasily Orlov said at a meeting on the results of 2019 at the Deputy Prime Minister - Presidential Plenipotentiary in the Far Eastern Federal District Yury Trutnev, the decision to restructure budget loans for another five years will strengthen the balance of the regional budget.

For two years, the Amur Region has been among the best subjects of Russia in achieving high rates of building up its economic potential. According to the head of the region, in 2019 the growth rate of the gross regional product is expected to be at the level of 2% - 292 billion rubles.

“Until 2024, we forecast GRP growth. We plan the largest increase in 2023 - up to 533 billion rubles due to the start of production at the Amur Gas Processing Plant, MCC and methanol plant, ”said Vasily Orlov.

At the end of last year, the Amur Region became the leader in the Far East in terms of growth in investment in fixed assets: over nine months, growth amounted to 24,7% - 198,4 billion rubles. The inflow of investments was provided by investments in the construction of the Amur Gas Processing Plant and the Power of Siberia gas pipeline. In the future, it is planned to increase investment by 1% annually. It is predicted that in 2024 investments will amount to 264 billion rubles, and their share in GRP is 27%.

Last year, industrial production grew by 104,5%. This was achieved thanks to the extraction of minerals after the commissioning of the autoclave complex at the Pokrovsky gold ore deposit and due to the stabilization of the “water content” of the hydroelectric reservoirs. By 2024, gas processing and gas-chemical industries will increase industrial production by almost four times the level of 2018.