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the budget plan.
“This disappointing development poses downside risk to only 5% contraction in non-oil-and-gas revenues envisaged in the Budget law. It also implies that budget risks will remain high in the medium-term, that may force the government to look for alternative revenues or raise its debt, which is becoming more expensive,” BCS GM said.
VAT numbers show that trade is recovering.
65 RUSSIA Country Report December 2022 www.intellinews.com