Posted 3/11/2024, 11:55:52 AM
Putin Unveils $126 Billion Pre-Election Spending Plan to Boost Infrastructure, Services
- Putin pledged over $126 billion in public spending on infrastructure, healthcare, education, etc. ahead of 2023 election
- Spending measures could cost budget up to $27 billion per year, likely requiring tax increases
- Biggest expenditures $72 billion on infrastructure; $25 billion on preferential mortgages; $21 billion on maternity capital programs
- Additional spending on hospitals, schools, airports, public spaces, technology platforms
- Debt write-off for regional governments to save them $3 billion per year from 2025-2028