MOSCOW, October 17 (Itar-Tass) — The Russian State Duma, or lower house of the national parliament, will discuss government-proposed amendment to the current budget at its extraordinary session on October 20, the chairman of the Duma budget and tax committee, Yuri Vasilyev (United Russia faction), told journalists on Monday.
Under the Duma regulations, regular sessions are held on Tuesdays, Wednesdays, and Fridays.
On October 7, the government submitted to the lower parliament house its amendments to the federal budget for 2011 to fix zero deficit. Thus, it is proposed to increase forecasted budgetary proceeds in 2011 from 10 trillion and 303.412 billion roubles to 11 trillion and 121.358 billion roubles. Budgetary spending will be likewise increased to 11 trillion and 121.358 billion roubles, from the current figure of 11 trillion 22.477 billion roubles.
Forecasted GDP is to be increased by 0.1 percent, from 53.274 trillion roubles to 53.332 trillion roubles.
It is expected that an overall GDP growth in 2011 will be 4.1 percent and will be based on the stable growth of intermediary, investment and consumer demand, and on favourable external condition, the government said in an explanatory note.
The industrial production index in the eight months of 2011 was 5.4 percent, and is expected to be 4.8 percent at the end of the year.