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To: Joan Osland Graffius who wrote (261146)9/19/2003 10:16:47 PM
From: Earlie  Respond to of 436258
 
Hi Joan:

Good for you! But I bet they haven't heard this from a large percentage of their "call-ups" (g)

Best, Earlie



To: Joan Osland Graffius who wrote (261146)9/20/2003 8:44:25 AM
From: Haim R. Branisteanu  Respond to of 436258
 
Would you wish on our shores ? Russia 2004 budget adopted in first reading

Interfax. Friday, Sep. 19, 2003, 9:00 PM Moscow Time

MOSCOW. Sept 19 (Interfax) - The State Duma voted 246-180 with one abstention on Friday to adopt the 2004 draft federal budget in the first reading.

Revenues are projected at 2.742 trillion rubles and spending at 2.659 trillion rubles. Next year's budget will have a surplus of 83.4 billion rubles.


The surplus will be generated if oil prices stand at $22 per barrel. The budget will have neither a surplus nor a deficit if oil prices are $20 per barrel. GDP growth is forecast at 5%, as compared with 5.9% this year, while inflation is expected at 8%-10%.

The State Duma's resolution on the budget's adoption in the first reading says that "the 83.4 billion ruble surplus in 2004 will be contributed to the stabilization fund according to Russia's budget legislation."

The Central Bank will have to transfer "80% of its yearly profits after paying taxes" to the federal budget.
The second reading is scheduled for October 15



To: Joan Osland Graffius who wrote (261146)9/20/2003 9:40:59 AM
From: Tommaso  Read Replies (1) | Respond to of 436258
 
I guess those guys (or gals) collect a commission on every "deal" they close, so they don't care who gets the money or whether they ever pay it back! What a thing! When selling money gets to be like selling vinyl siding.