#Russia : “Vladimir Putin has Recommended Official’s `Optimise’ the `Funds’ Allocated for `Press’ Coverage”

#AceFinanceNews says Putin orders governors to slash PR budgets

Published time: January 20, 2014 10:57
Russian President Vladimir Putin (RIA Novosti / Mihail Metzel)

Russian President Vladimir Putin (RIA Novosti / Mihail Metzel)

The Russian president has recommended officials ‘optimize’ the funds allocated for press coverage of their work after mass media uncovered unprecedented growth in such spending in regional budgets.

The presidential order to optimize PR budgets must be fulfilled before February 1, reads the document published on the official Kremlin website. The Finance Ministry was made responsible for overseeing the process.

Putin’s order came after a whole series of controversies emerged a short time after a scandal in the central Russian Saratov Region. In December last year, the pro-Putin political movement United People’s Front officially complained to the president that the governor of the remote Far East province of Sakhalin planned to spend 680 million rubles (over $20 million) of budget funds on “improving his image” in just three years.

Putin expressed surprise over the news, but the Sakhalin public servants quickly justified the move, explaining that the huge sum was to be spent on “improvement of the state governing system” as a whole and actual “reporting on the activities of state power bodies” only required 50 million rubles (about $1.5 million).

Still, after the United People’s Front’s move the problem has come to the attention of both the authorities – who are currently looking for any opportunity to cut expenditures in the face of a looming budget deficit – and the media.

The head of the presidential administration, Sergey Ivanov, has called for regional officials to stop “fooling the people” by reporting about all governors’ actions and Prime Minister Dmitry Medvedev has urged greater independence for regional mass media, including the switch from budget financing to self-accounting.

Popular internet news site Slon.ru has published a research report made by an expert of the Fiscal Politics Center, who claimed that although the expenditures on mass media amounted to about 1 or 2 percent of the regional budgets, they continued to grow even when budgetary income began to decrease – sometimes several-fold, such as in the Sverdlovsk Region (264 percent growth in 2013 compared to 2012) and in the Astrakhan Region (528 percent).

Such a trend can be explained, at least in part, by the political reform of 2013 that reinstated direct elections for heads of federation subjects, who were previously appointed by the president and only required formal approval from regional legislatures.

Federal parliamentarians and top officials have claimed that the changes would give more legitimacy to regional leaders and also give the political system a new impetus for development.

The first nationwide election day under the new rules took place on September 8, 2013.

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#acefinancenews, #dmitry-medvedev, #kremlin, #mass-media, #president-of-russia, #putin, #ria-novosti, #russia, #sakhalin, #sochi, #sverdlovsk-oblast, #vladimir-putin

Are Romney’s Pledges As Good As They Seem-When He Says He Will Provide Jobs

 

Last week Mitt Romney committed himself to picking a Federal Reserve Board chairman that will try to keep workers’ wage down, likely costing them tens of thousands of dollars over the next decade. You remember reading the front page news stories on this pronouncement?
Of course you didn’t read them, because the media largely ignored President Romney’s statement about his choice of Fed chairs. And all of them ignored its implications for people’s wages and living standards. The media would rather focus on the ongoing debate over President Obama’s birth certificate or, when we are lucky, tax policy decisions that might in the extreme case make $1,000-$2,000 a year in difference to the typical family. The much more important policy decisions that allow people like Mitt Romney to be incredibly wealthy and the rest of the country to be struggling are totally off the media’s radar screen.
Romney’s statement about the Fed fits in the latter category because he said that he would pick a chair who supports a “strong dollar.” The implication is that he wants the Fed to run policies that keep the dollar over-valued relative to other currencies, making U.S. goods uncompetitive in international markets. Courtesy of Dean Baker – Huffington Post 

My Personal View: 

Will this type of action not cut wages and at the same time create a no-jobs for the man in the street, mentality? As anyone knows by keeping wages low you cut the ability of the economy to grow by the power of your workers! The sheer fact that there is less money in the economy will prevent growth and with the Fed ready to issue another round of fiscal stimulation, this will help overheat an already massive debt burden! Then the only way is that the balance of debt over growth will tip them into a deeper recession than the 1930’s!

The only way any country, nation or people can make any country prosperous is by rewarding people for a job well done, that are at the sharp-end. As these people are the coal on which any economy will grow! Then instead of warming themselves on Capitol Hill on the embers of a dying economy they can look out and see a nation of people proud to be Americans,once again.

 

#barack-obama-citizenship-conspiracy-theories, #current-events, #dean-baker, #federal-reserve-system, #mass-media, #mitt-romney, #obama, #politics, #republican, #romney, #united-states