Wednesday, September 16, 2015

Wasteful Spending

From the MT:
"Russia Spends $5 Billion Annually Propping Up 'Statelets' – Report"
 
Russia spends about $5 billion every year in aid on the self-proclaimed independent states it supports, according to a report published by Stratfor, a private U.S. analysis and intelligence company. The company cited its own rough estimates. Of that $5 billion, Russia sends around $300 million to Abkhazia and at least $100 million each to South Ossetia and Transdnestr to support their budgets, keep the cost of fuel low and pay pensions, according to Tuesday's report. Abkhazia and South Ossetia are self-proclaimed states that are internationally recognized as being part of Georgia, and Transdnestr is a breakaway state located on a strip of land in eastern Moldova. Russia recognizes Abkhazia and South Ossetia as independent, but does not recognize Transdnestr as such. Russia also sends $2.42 billion to Crimea, not including military costs, Stratfor claimed. The report did not specify whether this sum is distributed between the city of Sevastopol and the republic of Crimea, which Russia treats as two different federal subjects. Russia annexed Crimea in 2014, but most countries still recognize it as part of Ukraine. The Russian government also sends 2.5 billion rubles ($38 million) every month to pay pensions in the self-proclaimed Donetsk People's Republic (DNR) in Ukraine's east, news agency Bloomberg reported on Wednesday, citing two unidentified sources in the rebel administration.  The Kremlin has repeatedly denied that it supports the insurgents in Ukraine's east apart from sending humanitarian aid to the region.  Russia's federal 2015 budget was allocated at $206 billion, according to Stratfor.

^ Maybe if Russia spend that $5 Billion on its own people then the majority of Russians would live above the poverty line. As it is the average Russia only makes less than $200 a month. That is made  worse with the international sanctions placed on Russia for annexing the Crimea and helping the ethnic Russian terrorists in eastern Ukraine. If Russians remembered their history they would know that the main reason the Soviet Union collapsed in 1991 was because of over-spending (mainly in military areas) with no thought of helping the ordinary person or its economy. Sometimes history repeats itself and so it would probably be in the interest for the current Russian Government to start focusing on its own people. It would be one thing to have enough money to help both your own citizens as well as people around the world, but when you can't afford that option then you should always focus inwards rather than outwards. ^


http://www.themoscowtimes.com/news/article/russia-spends-5-billion-annually-propping-up-statelets--report/531131.html

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