Russian budget constraints will force hard choices
Spending for 2016 has yet to be finalised, and austerity budgets for 2017-19 look unworkable
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In this article
- Revenue squeeze
- Unresolved budget issues
- Slow privatisation
- Borrowing and reserves
- Disappointment for the military
- Reining in 2016 spending
- Medium-term prospects
- Austerity versus stimulus
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_350.jpg "The Russian White House, headquarters of the federal government, Moscow (Reuters/Maxim Zmeyev)")