(MENAFN) Russia is threatened with an inflated budget deficit next year amid adverse oil prices and plans to save the state bank, as the latest reports shows.
Accordingly, the country is faced with one of two of harsh choices; the first is to severely cut social spending, spending on education and healthcare.
The 2nd is to follow a path of greater spending but raise some taxes, moreover; its faith in serendipity that suddenly everything will change is hardly helping.
At current oil prices, budget incomes will drop short by some USD18.29 billion to USD22.5 billion next year compared with what's assumed in the budget.
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