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RUSSIAN GOVERNMENT EXPLORES WAY TO MAKE ENDS MEET AS BUDGET DEADLINE LOOMS

  • NEWS Desk Global
  • Sep 17
  • 1 min read

ree

The Russian government is considering raising the rate of value-added tax to keep the budget deficit in check and maintain reserves, four sources told Reuters, despite public assurances from President Vladimir Putin that there will be no tax rises.

The draft budget is expected to be submitted to parliament on September 29. Its key components are agreed with Putin beforehand and are unlikely to be significantly altered during the formal parliamentary debate.


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