Putin: Previous recipes for tackling conflicts do not work, new ones not yet foundRussian Politics & Diplomacy October 19, 17:18
Russian experts create 3D model of Palmyra to be handed over to DamascusSociety & Culture October 19, 16:52
Moscow disappointed by Dutch side's 'biased' approach to MH17 crash investigationRussian Politics & Diplomacy October 19, 16:33
Meet Putin's presidential challenger - 'It Girl' turned 'anti-establishment' choiceRussian Politics & Diplomacy October 19, 16:13
New missiles for Russia’s Iskander-M system to help counter nuclear threat — senatorMilitary & Defense October 19, 16:09
Assad says defeating terrorists in Syria ruins West’s schemesWorld October 19, 15:52
Russia’s Natural Resources Ministry to increase environmental fee for plasticsBusiness & Economy October 19, 15:39
British BP considers participating in several new projects of RosneftBusiness & Economy October 19, 15:35
Polish lawmaker sees no reason to demolish Soviet Army monumentsWorld October 19, 14:53
MOSOW, September 29. /ITAR-TASS/. The Russian government will submit a draft federal budget for the next three years to the State Duma lon Tuesday, the State Duma Committee for Taxes and Levies said on Monday.
The Russian government approved the draft federal budget for the next three years on September 18. The federal budget for 2015 envisages revenues at 15.082 trillion rubles ($381.8 billion) and expenditures at 15.513 trillion rubles ($392.7 billion) with a budget deficit of 431 billion rubles ($10.9 billion), or 0.6% of the country’s GDP.
Russia’s oil wealth Reserve Fund set up to cushion the federal budget against a plunge in world oil prices is expected to reach 5.42 trillion rubles ($137 billion) in 2015 while the upper limit of state internal debt is set at 7.42 trillion rubles ($187.8 billion) as of January 1, 2016, and state external debt at $64 billion or €49.2 billion.
The draft federal budget for 2016 expects revenues at 15.72 trillion rubles ($397.9 billion) and expenditures at 16.2 trillion rubles ($410 billion) with a budget deficit rising to 477.7 billion rubles ($12 billion), or 0.6% of the country’s GDP.
The federal budget’s projections for 2017 envisage revenues at 16.44 trillion rubles ($416.2 billion) and expenditures at 16.98 trillion rubles ($429.8 billion) with a budget deficit growing to 544.4 trillion rubles ($13.8 billion) or 0.6% of the country’s GDP.