Reuters: US Dollar Report: Russian economic slowdown may force budget cuts-Putin

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Creating iOS Games: Beginner Course Marin Todorov teaches you how to create an iPhone game easily and simply using Cocos2d in this $99 online course. From our sponsors

Russian economic slowdown may force budget cuts-Putin Sep 4th 2013, 07:40 MOSCOW, Sept 4 | Wed Sep 4, 2013 3:40am EDT MOSCOW, Sept 4 (Reuters) - Russia will probably have to cut budget spending compared with previous plans, President Vladimir Putin was quoted as saying in an interview published on Wednesday. Putin told U.S. news agency Associated Press and Russia's First Channel said that such cuts may be needed because economic growth is likely to be below the forecasts used to calculate the budget, resulting in a shortfall in tax revenues. "Now it's obvious that the forecast is a bit different. The economy is growing, but slower, revenues will be less, and that means we need to be more careful," Putin said. Last week Russia's Economy Ministry slashed the government's official economic growth forecast to 1.8 percent from 2.4 percent, as the economy struggles with weaker exports and consumption growth. Putin said the government needed to make another forecast of economic development and revise its budget plans based on the new forecasts. "I think it will be necessary to cut something," he said.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions