URGENT: Putin warns against excessive government spending

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Moscow, September 27 (RIA Novosti) - Russian President Vladimir Putin said Tuesday that using the Stabilization Fund for extra social spending would spark inflation and harm the economy.

Speaking on live television and radio, Putin said: "We could spend these funds today, but nobody would feel it. There is not so much money as it seems, and inflation would eat it up in no time. It would be a senseless act of political populism, which would harm the economy and, consequently, every Russian family."

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