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Putin signs changes to the 2014 federal budget and 2015-2016 budget plan

July 01, 2014, 0:06 UTC+3 MOSCOW
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MOSCOW, June 30, /ITAR-TASS/. President Vladimir Putin on Monday, June 30, signed the Federal Law “On Amendments to the Federal Law On the 2014 Federal Budget and the 2015-2016 Budget Plan”.

The law makes amendments to the Federal Law No 349-FZ of December 2, 2013 “On the 2014 Federal Budget and the 2015-2016 Budget Plan”. The amendments clarify the budget parameters approved for 2014, based on the federal budget’s execution over January-April 2014 and updated forecasts for Russia’s socioeconomic development over 2014.

The 2014 federal budget’s main outlines were defined on the basis of forecast GDP of 71.493 trillion roubles [more than 2.1 trillion U.S. dollars]. Forecast overall federal budget revenue comes to 14.238 trillion roubles (an increase of 668.3 billion roubles compared to the earlier forecast). This includes forecast additional oil and gas revenue of 1.567 trillion roubles (up 952.1 billion roubles on the earlier forecast). The federal budget’s surplus has been set at 278.6 billion roubles.

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