The news, distilled into what matters.
Russian government wins right to change debt, spending plans with no public hearings
- Parliament approved a law letting the government quickly raise spending and debt without lengthy budget amendments — a move that speeds decisions but reduces transparency.
- Russia ran a bigger-than-planned budget deficit (2.6% of GDP YTD), driven largely by higher military spending and a VAT increase to cover costs.
- Higher commodity prices after the Middle East conflict have given the government temporary breathing room and postponed planned spending cuts.
Read full article
Get the full experience in the app — topics, comments, and audio summaries.