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Moscow City Duma approves Moscow’s budget in the final reading

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Following the debates, the city councillors pointed out that the budget envisaged funding for an unprecedented expansion of social spending and large-scale urban development projects. The expenditures portion is programme-based, as it secures funding for 14 government programmes in the City of Moscow. The budget has been passed in an environment of economic growth and is fuelled by a steady rise in revenues.

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