MILAN, October 17 (RIA Novosti) - Russian President Vladimir Putin has stated that Russia's federal budget may be adjusted due to a fall in oil prices, though expenditures on the social sector will remain untouched.
"In reality, it is hard to forecast. In any case, I want to underline this. Russia will fulfill all its social obligations, the Russian government. Undoubtedly, we have enough reserves. Maybe we will have to do some budget adjustment, maybe even to cut some funding, but it won't concern welfare funding," Putin stated at a conference in Milan to conclude the results of the ASEM summit.
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