NOVO-OGARYOVO, September 27 (Itar-Tass) — President Vladimir Putin has said that a budget for the years 2013, 2014, and 2015 must take into account all the risks of the world economy but at the same time help fulfil all social obligations to the citizens of Russia.
"Both of us know what happened quite recently in successful, developed market economies, including the European ones -- over there, they are lacking any items concerning a pay rise. They have only the so-called 'consolidation' and a decrease in all the parameters of social expenditures and an extension of the pension age," Putin said during a meeting with Prime Minister Dmitry Medvedev here on Thursday.
As an example Putin mentioned Spain where "marked events" had come about. "We must bear this in mind and take into account all the risks that the state of the world and of European economies expose our's to. However, we must do everything in the effort to fulfil social obligations to the citizens," the President said.