Russia Said to Eye Drastic Budget Measures to Rev Up Economy

Updated on
  • State may raise pension age after presidential election
  • Russia weighs tax-system overhaul to boost budget revenue

Pensioners in Vladivostok, Russia, on Sept. 27, 2015.

Photographer: Andrey Rudakov/Bloomberg

Russia’s government is said to be weighing unprecedented and unpopular steps that it says will revive growth, including increasing the retirement age and raising taxes on the rich, following the 2018 presidential election, according to a senior administration official.

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