Wealthy Russians fund 1% of Russia budget
Russia's wealthiest individuals have funded over one percent of state spending this year through voluntary wartime donations. The contributions totaled 471 billion roubles to help offset the expanding budget deficit.
Russia's wealthiest individuals have funded 1% of state spending this year through 471 billion roubles ($5.6B) in voluntary wartime donations. The contributions followed a closed-door March meeting between President Vladimir Putin and top business leaders. Without these payments, the budget deficit would have climbed to 3.4% of GDP instead of 3.2%.
