Page 57 - bne IntelliNews Russia Country report May 2017
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CBR has already excluded references to an "excessive easing of the fiscal policy" starting this year. Moreover, the narrowing of the federal deficit is in line with the commitment to the transitionary version of the fiscal rule, which prevents the government from using windfall oil & gas revenues to fund new spending.
57 RUSSIA Country Report May 2017 www.intellinews.com
