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Russia considering $26 billion budget spending hike to fight virus, says PM - Metro US

Russia considering $26 billion budget spending hike to fight virus, says PM

Russian Prime Minister Mishustin takes part in a video conference call with officials in Moscow

MOSCOW (Reuters) – Russian Prime Minister Mikhail Mishustin said on Thursday the government would consider increasing budget spending by 1.8 trillion roubles ($25.6 billion) to fight the coronavirus and support the economy.

Some economists have said Russia’s regulations surrounding budget spending have hindered its ability to adequately fund anti-crisis measures.

(Reporting by Darya Korsunskaya; Writing by Gabrielle Tétrault-Farber; Editing by Edmund Blair)

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