Russia Amends Budget Code to Lift Borrowing and Spending Limits

Russia's State Duma has amended the Budget Code, granting the government authority to surpass federal spending caps and borrow beyond previously approved budget limits.

11 Jun, 14:03 — 11 Jun, 14:03

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meduza9d ago

Russia just rushed through a law to lift limits on borrowing and spending. Is the budget starting to crack?

On June 10, Russia’s State Duma amended the Budget Code, giving the government the power to exceed federal spending caps and borrow beyond the limits set by the approved budget.

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Russia Amends Budget Code to Lift Borrowing and Spending Limits

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Russia just rushed through a law to lift limits on borrowing and spending. Is the budget starting to crack?

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