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 ...
I’m more familiar with Polish bands, but I’m always looking for new music from that area.
One of the best things I stumbled on was this singer from Georgia, and they just do videos of her singing around a dinner table, but her voice just blew me away.
https://www.youtube.com/watch?v=czq0M8ZAw1A
$5.4 billion? That's a rounding error in our budget.
Perhaps, but certainly not to balance the budget. He was running trillion dollar deficits even before the pandemic.
It's important to enjoy these alternatives over what is going on in the US entertainment industry lately.
I don't know Greek, but these days listen to Greek singer Katy Garbi a lot. And looking at her too. Sizzling hot in her younger days.
The Congress wasn’t letting him do anything else. Remember what Paul Ryan did prior to his sudden “retirement”?
IIRC, they instituted a flat tax.....
LOL. You got to be nuts to have any business dealings with Russia. Putin and friends personally pocket about 20% of the national budget in Russia.
Man after my own heart. Indeed, banking and investment banking create ZERO wealth. It would be like if I made my income buying and selling stocks. Great for me but a big ZERO contribution to the national economy. Wall Street creates wealth - paper wealth for itself - but doesn’t produce a thing productive to the economy.
Russia heading for 2021 budget surplus, even with Putin spending goal
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thanks goes to Traitor Joe for shutting down the Keystone XL pipeline and endorsing the pipeline from Russia to Europe, the money is pouring on.
Trump wasn't interested in the deficit to begin with. Congress didn't let him do anything he didn't want to do.
You seem to have forgotten history, particularly the disappointed look on his face when he signed the first spending bill from the “Republican Congress”.
And don’t get national debt and “deficits” mixed up.
There was also the media hoopla over “Trump’s shutdown” when he was attempting to put the kibosh on the Democratic House’s machinations. (More fraud to get those people in back in 2018, before the 2020 shenanigans?)
But not disappointed enough to veto it.
And don’t get national debt and “deficits” mixed up.
One feeds the other.
Did anyone say he was Mr. Perfect? Still better than anything we’ve had in four decades. Had he a cooperative Congress, it would have been even better. Would either you or I have withstood the pressure he faced in that position?
And no, I don’t believe the pro-Russian propaganda out of Rooters in the OP.
And also no; deficits and national debt are not necessarily related. You can have ever-growing debt and budget surpluses.
I only said that anyone who wanted Trump back expecting him to run a surplus or tackle the deficit would be badly disappointed. I never said that was the only reason for wanting him back.
And also no; deficits and national debt are not necessarily related. You can have ever-growing debt and budget surpluses.
Well lets try running a surplus and see what happens to the debt.
You’re conflating terms again.
Russia hasn’t chosen the path of suicide or embraced insanity as official policy. I wish them well.
Uh, oh, the Big Guy here only gets 10%.
Even if they work against us?
What is the source of it? I only heard about big guy and 10% and the big guy isn’t Putin.
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