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  Tuesday, December 10, 2019
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Alexei Kudrin said Monday that containing inflation between 7% and 8.5% in 2006 would be crucial for the Russian economy
Russian Finance Minister Alexei Kudrin said Monday that containing inflation between 7% and 8.5% in 2006 would be crucial for the Russian economy. "Meeting these targets is critical," Kudrin told the budget committee of the Federation Council, the upper chamber of parliament. Kudrin said the Economic Development and Trade Ministry had raised the inflation ceiling for 2006 to 8%-9% but that inflation had to be contained within the 7%-8.5% bracket. "We are entering 2006 without reserves for containing inflation," the minister said. He also warned that increasing budget spending next year could be dangerous. The growth in spending was one of the reasons behind Russia's failure to keep inflation within the government-fixed target of 8.5%-10% in 2005, he added. This year inflation is expected to reach 11%.
Print Alexei Kudrin said Monday that containing inflation between 7% and 8.5% in 2006 would be crucial for the Russian economy Bookmark Alexei Kudrin said Monday that containing inflation between 7% and 8.5% in 2006 would be crucial for the Russian economy

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