Contents tagged with Budget Cuts
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Russian Government Considering 10 Percent Budget Cut
The Russian Federation plans to start the year by again making budget amendments including a 10 percent spending cut due to the sharp decline in oil prices and the economic recession, Reuters reported. According to their sources, after a meeting with the Russian Prime Minister, Dmitry Medvedev, it was decided to adjust approved spending to 90% of the previously approved amount. "We have the minutes from the meeting. According to it, government offices are required to create new budget …