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Russia's budget deficit not critical, govt debt remains low - Putin

Russia's federal budget deficit is not critical, as the country has one of the lowest levels of government debt in the world and the authorities are trying not to overload the market with government borrowing, President Vladimir Putin said. "We need to not so much economize, we need to rationally spend, determine priorities. You just mentioned the deficit. Yes, there's a deficit, but it's not critical. If you keep in mind that we have one of the lowest government debt figures in the world, then there's nothing critical here.  [...]