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Govt Cuts Spending In Revised 3-Year Budget
26.09.2013 20:22
Govt Cuts Spending In Revised 3-Year Budget
Photo Credit: http://www.dp.ru

The Russian government has approved the revised draft of the three-year national budget, says the Lenta.ru news agency.

      The revision came after a call by the Kremlin to cut public spending amid slower GDP growth and uncertain macroeconomic prospects.

      The balance will be maintained by re-scheduling the large-scale re-armament programme the country embarked on earlier, a pay freeze for the army personnel and other steps 




Author: Mikhail Vesely

Tags: Russian budget budget rule    

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