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The Three-Year Budget: A Maneuver in Favor of Productive Expenditures

The draft law “On the Federal Budget in 2019 and the 2020-2021 Planned Period” suggests a budget maneuver in favor of productive expenditures. The federal budget is to become the main source of growth of the Russian economy in the next three years. There are problems related to the budget stability that limit funding of new expenditure obligations without borrowing of funds on the debt market.