Moscow News - Business - Russians told to ‘prepare for the worst’: "Russians told to ‘prepare for the worst’
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By Anna Arutunyan
Prime Minister Vladimir Putin has backed a large deficit budget for 2009 - and dropped previous plans for a three-year budget - in the clearest admission yet by the government that the world economic crisis has brought the Russian economy grinding to a halt.
Putin on Wednesday asked the State Duma to ratify a series of amendments to the budget law to allow for a bigger deficit and more spending from the reserves. His comments appeared to settle the debate within government about whether the state should try to spend its way out of the crisis, or implement swingeing budget cuts."
Monday, March 16, 2009
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