How Will We Pay for Putin's Promises?

RUSSIA ENERGY / FINANCE - Report 06 Jun 2013 by Marcel Salikhov and Leonid Grigoriev

Executive SummaryDissatisfied with the slowness of implementing his year-old decrees to raise salaries for a range of public employees, President Vladimir Putin met with members of his cabinet on May 7th, and asked them to speed up their efforts. Most initiatives involve extra government spending, to support salary rises for teachers and health sector employees. Putin complained that, of 192 billion rubles allocated for this initiative, only 17 billion had been spent.So far there are no official detailed estimates on how much this will cost: estimates cover only federal budget liabilities. ...

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