Russia to cut financing of all state programmes in 2016

MOSCOW, Rabi’II 4, 1437, Jan 14, 2016, SPA — Russia will cut financing of all state programmes from the state budget in 2016, Deputy Economy Minister Oleg Fomichev was quoted by Reuters as saying on Thursday.

The Russian government had previously approved a plan to require its departments to cut spending by 10 percent compared with previous plans.

–SPA
12:51 LOCAL TIME 09:51 GMT