Skip to comments.Russia heading for 2021 budget surplus, even with Putin spending goal -analysts
Posted on 07/13/2021 1:48:56 PM PDT by Right Wing Vegan
MOSCOW (Reuters) - Russia is on course to run a budget surplus this year, analysts say, a turnaround after strong half-year data, with high oil prices giving room to cover spending promises from President Vladimir Putin ahead of parliamentary elections.
Last month, Putin promised to spend on infrastructure, education and health, seeking to give the ruling United Russia party a boost. The pledges added to social support measures announced in April that will cost the budget around 400 billion roubles ($5.40 billion) over two years.
Russia had a budget surplus of 626 billion roubles from January to June, the finance ministry said on Monday, with tax increases, the economic recovery and high prices for oil, Russia's major export, all behind the boost in revenues.
"Such positive data is largely due to the Russian economy's earlier than expected recovery and also high prices for oil," said Bank St Petersburg analysts.
(Excerpt) Read more at kitco.com ...
That’s it I’m moving.
(I already lived there before during Obama era.)
You don’t want that. You want Trump back.
Read the Russian Federation constitution first, and then compare it to the USSR’s constitution.
Well they got their oil line back and we lost ours.
Yep. Biden guilty in both cases.
They 💗 Biden's energy policies.
Outside of Moscow and St. Petersburg, where would be good to live?
Kazan, Ekaterinburg, Nizhny Novgorod, Vladivostok, Irkutsk, Novosibirsk.
Doing the Trans-Siberian Railroad trip is on my Bucket List.
Nice Nordstream2 pipeline. Be a shame if anything happened to it.
any place warm that’s nice there?
Mostly kidding. While I prefer climate, Norilsk has some disadvantages.
But Crimea obviously comes with more baggage...
This is my favorite Russian YouTube blogger, he lives in Chelyabinsk. But his videos are hillarious.
An increasing amount of US GDP simply comes from “moving money around.”
The U.S. finance industry was about 10% of total non-farm business profits in 1947, but it grew to about 50% by 2015. Over the same period, finance industry income as a proportion of GDP rose from 2.5% to 7.5%, and the finance industry’s proportion of all corporate income rose from 10% to 20%. In 2018 the share of GDP was 7.4% the equivalent of $1.5 trillion in value-added to the economy.
I discovered KINO and Viktor Tsoi, last year, I really like this song.
Spokoynaya Noch’ (Calm Night)
The Ukrainian group KAZKA has a very fresh sound going. The flutist’s antics are interesting to watch. Don’t know if he’s destroyed an instrument Jimi Hendrix style yet, but it might happen.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.