Tomorrow, on October 24th, the State Duma will be considering a proposed draft of the federal budget for the years of 2019-2021 in its first reading. One cannot be calling that document anything else but short of sensational, and Vladimir Milov, a leading Russian political and economic analyst, explains why. We have just recently heard about the “absolute lack of any other alternatives” but raising the taxes and increasing the retirement age. However, now the Putin’s government has found trillions of surplus cash in the excess revenues. And that impressive stash will be given away into a piggy-bank for Putin’s cronies.

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