NEWSWATCH: “Putin to Back $162 Billion Spending Spree for New Term” – Bloomberg

Cash, Calculator, Pen

“… Putin is planning a roughly 10 trillion-ruble ($162 billion) increase in spending on health care, education and infrastructure, hoping to kick-start sputtering economic growth in his new presidential term, according to people familiar with the plans. …. Some of the new spending will be offset with cuts … — the budget already calls for gradual reductions in military spending … — and revenue increases, possibly including tax hikes …. The recent rise in oil prices could ease the financial pressure ….”

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