×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

In a recent note a Russian economist, quoted in the Financial Times, said of her country’s Covid-19 stimulus package that the Kremlin “intends to spend as little as possible while being able to officially refer to a substantial rescue package”.

The newspaper noted that officials had added Russia’s deficit spending (3.7% of GDP) to the stimulus (2.8%) to arrive at a figure of 6.5% of GDP. But most of the stimulus had come from tax holidays and loan guarantees. The direct state contribution was only 0.3% of GDP, the economist said. ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.