Putin receives message clarifying intentions of new South Korean presidentRussian Politics & Diplomacy May 25, 7:47
Forest fires raging on over 8,000 hectares in Russia’s Far East and SiberiaWorld May 25, 6:44
Ukraine’s Savchenko says wants to run for president in 2019World May 25, 3:38
Putin venerates St Nicholas's relics in Cathedral of the SaviorSociety & Culture May 24, 21:53
Putin points out Russia’s good relations with EgyptRussian Politics & Diplomacy May 24, 21:30
Ukraine names conditions for Minsk accords' political part implementationWorld May 24, 20:44
Blaze-stricken Siberian areas expecting downpours that may quash firesSociety & Culture May 24, 19:45
Contact Group on Ukraine proposes more areas of disengagementWorld May 24, 19:39
Russian Emergencies Ministry says over 70 homes burn down in SiberiaSociety & Culture May 24, 18:49
MOSCOW, October 11. /TASS/. The Russian government has submitted draft amendments for the 2016 federal budget to the State Duma. According to the government website, the draft law proposes to adjust the main characteristics of the budget for the current year, taking into account expected assessment of the socio-economic development of Russia and budget implementation in 2016.
Thus, according to the draft document, budget deficit this year will increase by 674.2 bln rubles ($10.85 bln) to 3.034 trillion rubles ($48.84 bln) or 3.7% of GDP, budget revenues will be reduced by 369.9 bln rubles ($5.9 bln), expenses - increased by 304.3 bln rubles ($4.9 bln).
It is noted that the increase in the budget expenditures for the current year is due to the increase of costs for implementation of priority areas and cost reductions in other areas.
Amendments adopted at a Government meeting on October 6 included changed estimations for GDP - increased to 82.815 trillion rubles ($1.33 bln) from 78.673 trillion rubles ($1.26 bln), inflation was decreased to 5.8% from 6.4%.