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Budget amendments for 2016 pass final reading in Russia’s State Duma

November 09, 2016, 18:16 UTC+3 MOSCOW
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MOSCOW, November 9. /TASS/. Budget amendments for 2016 have passed their third reading in Russia’s State Duma. The main budget parameters adjusted in the first and second (main) reading remained unchanged.

The amended federal budget for 2016 implies revenues of around 13.4 trillion rubles ($210.9 bln) versus 13.738 trillion rubles ($216.2 bln) adopted previously. Budget expenditures will increase by 304.3 bln rubles to 16.4 trillion rubles ($258.2 bln).

The draft amendments imply an increase of Russia’s 2016 federal budget deficit from 2.3 trillion rubles ($36.2 bln) to 3 trillion rubles ($47.2 bln), or 3.7% of GDP.

332 deputies supported the bill on 2016 budget amendments, 56 voted against it.

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