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Russian state expenditure should decline by at least 5 percent a year: RIA
December 17, 2014 / 8:37 AM / 3 years ago

Russian state expenditure should decline by at least 5 percent a year: RIA

MOSCOW (Reuters) - Russian state expenditure should fall by at least 5 pct per year over the next three years, RIA news agency quoted Sergei Ivanov, the head of the Kremlin’s administration, as saying on Wednesday.

Ivanov said the plan was in line with an order by President Vladimir Putin to increase efficiency in state spending.

Reporting by Polina Devitt; Editing by Elizabeth Piper

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