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Posted inUncategorized

RUSSIA: Testing the Government’s Budgetary Resolve

The Russian government claims that its 1995 budget marks a new era of economic reform, and the country does seem to be making modest progress toward reducing inflation and complying with the terms of the IMF’s $6.8 billion loan, yet critics contend that the 1996 budget will be forced to absorb this year’s overspending and […]