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Public Spending 'Not a Problem' in Russia: Economist

1:50 AM ET Mon, 5 March 2012

The "promises which Putin gave before the elections... are already budgeted," Evgeny Gavrilenkov, chief economist at Troika, told CNBC's Beccy Meehan in Moscow. "I expect that going forward, expenditures will keep rising by around 10 percent; which is ok for the economy," he said.