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 ...
Meanwhile in Kanadahar, the Prime Mistake, Justin(e) True-dope, has banned the building of ANT MORE pipelines, banned any tankers operating off the West Coast, has a YUUGE carbon tax on gasoline, has committed Canada to getting rid of IC cars by 2030, and is running deficits that (per capita) would even make XiJinBiden blush!
With XiJinBiden in charge or ‘Murka’ and Justin(e) True-dope in charge of Kanadahar, MEHICO looks better and better, even with the drug cartels.
The ChiComs and Putin laugh at North America.
It was a French Documentary....if I can think of the name I will let you know.
Might have been Putin’s Hidden Treasure on Netflix.
With sources like this.... What about Alex Jones?
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