Wednesday, April 17, 2013

The View at Lenin's Tomb

Anyone noticed if the embalmed body has rotated lately?
Since President Vladimir Putin returned to the Kremlin last year, the government has adopted a new fiscal rule that bases spending plans on the long-term average oil price and caps the budget deficit at 1 percent of GDP.
"This rule is very important in the period when in other countries ... there is recession and ultimately it may happen to us at a time when there is a risk of commodity prices falling," [Prime Minister Dmitry] Medvedev said.
Future opportunities to increase budget revenues would be very limited, he said.
Though not impossible;
The government is also considering speeding up sales of state assets to raise funds, including the possible sale of a 19.5 percent stake in state oil major Rosneft.

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