Economic policy

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In 2014 according to the Finance Act (revised edition) the city revenues amounted to RUR 409.1 billion, the expenses amounted to RUR 471.9 billion.

The city has a well-developed infrastructure, uniting the public and the business sectors economically as well as in the scientific and the social spheres. According to an early outlook, in 2014 the Gross Regional Product (GRP) amounted to RUR 2 621.1 billion. The organizations’ turnover in all types of economic activities equaled RUR 7 762.8 billion. In 2014 the industrial growth rates were higher than those average in Russia. The Industrial Production Index was 93.1% (compared to 2013), reaching 91% in processing industry. The processing industries supplied products to the amount of RUR 2 191.1 billion (108.3% of the level of 2013).

SOCIAL AND ECONOMIC SITUATION IN ST.PETERSBURG