Russia’s new draft budget doesn’t include the expected cuts to government spending — why is that?
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Russia’s new draft budget doesn’t include the expected cuts to government spending — why is that?
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Description
This article discusses why Russia's new draft budget, meant to cover the next three years, does not include spending cuts. Russia, like most other countries, spent heavily during the coronavirus pandemic, creating a significant budget deficit. Yet the new budget, devoid of expected cuts that would've closed the deficit, presents an optimistic outlook on the Russian economy's recovery.
