State of the Federation
In Putin’s Economic Plan, an Emphasis on Spending "Prime Minister Vladimir V. Putin unveiled his economic recovery plan for Russia in a speech to Parliament... which in sharply focused terms explained the need to generate domestic consumer demand to substitute for shriveling oil exports.
"The plan offers $90 billion in stimulus spending, with an emphasis on tax cuts and social welfare spending for the elderly and young families who are likely to dispose of the money quickly...
"With Mr. Putin’s endorsement on Monday, the government’s 2009 budget seems sure to be adopted in the compliant Parliament. The speech on the budget, Mr. Putin said, will become an annual tradition and provide government accountability before the chamber. Mr. Putin, however, is also head of the pro-government party United Russia, which controls 315 seats in the 450-seat Parliament..."
What You Need to Know -- a study guide for AP Comparative Government and Politics
Labels: policy, politics, Russia
posted by Ken Wedding @ 5:26 AM
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