Putin won’t tell voters how he’ll pay for domestic spending

Bloomberg reports Putin’s administration is planning on major domestic spending after the upcoming presidential election, possibly involving budget increases of as high as 30 percent in outlays for health, education and infrastructure. However, ahead of the election, Putin is not discussing how the Kremlin plans to pay for this, which could include increases to the pension age and the income tax, as well as the elimination of tax breaks for food and medicine and possibly the introduction of co-pays for health care.


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