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Russian government explores way to make ends meet as budget deadline looms

Summary by WTVB

By Darya Korsunskaya MOSCOW (Reuters) -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 significan…

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The Russian Government Is Looking for Solutions to Deal with Costs, in the Context Where the Deadline for Adoption of the Budget Is Approaching

The Russian government took into account the increase in the Taxei share in the added value to keep the budget deficit under control and maintain the reserves, stated four sources for Reuters, despite President Vladimir Putin's public insurance that there will be no tax increases. The draft budget should be presented to Parliament on 29 September. Its key components are agreed in advance with Putin and are unlikely to be significantly amended du…

11 hours ago·Romania

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