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Draft 2002 budget passes first reading
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Industry awaits subsequent readings for financing details (110 words)
Published:
10/1/2001
On 28th September, the Duma approved the draft of the 2002 budget in a first reading, although this initial stage approves the parameters of the overall budget and not the specific detail relevant to the aerospace industry.
The distribution of monies under the budget remains unknown and will not be decided until the second and third readings, when it should become clear whether or not the Duma representatives listened to the pleas of the industry on 24th September for additional financing above the current levels of $69.8m.
The second reading will take place on 19th October 2001.
Article ID:
2789
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