Russian economic slowdown may force budget cuts - Putin


  • World
  • Wednesday, 04 Sep 2013

MOSCOW (Reuters) - Russia will probably have to cut budget spending compared with previous plans, President Vladimir Putin was quoted as saying in an interview published on Wednesday.

Putin told U.S. news agency Associated Press and Russia's First Channel said that such cuts may be needed because economic growth is likely to be below the forecasts used to calculate the budget, resulting in a shortfall in tax revenues.

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