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Russian government submits three-year budget to parliament

The federal budget for 2015 envisages revenues at $381.8 billion and expenditures at $392.7 billion with a budget deficit of $10.9 billion

Russia's State Duma ITAR-TASS/Stanislav Krasilnikov

Russia's State Duma

© ITAR-TASS/Stanislav Krasilnikov

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MOSCOW, September 30. /ITAR-TASS/. The Russian government has submitted a draft federal budget for 2015 and for a planned period of 2016-2017 to the State Duma, the government’s press office said on Tuesday.

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 430.7 billion rubles ($10.9 billion), or 0.6% of the country’s GDP.

The draft federal budget for 2016 expects revenues at 15.79 trillion rubles ($399.9 billion) and expenditures at 16.27 trillion rubles ($411.9 billion) with a budget deficit rising to 476.3 billion rubles ($12 billion), or 0.6% of the country’s GDP.

The federal budget’s projections for 2017 envisage revenues at 16.55 trillion rubles ($418.9 billion) and expenditures at 17.09 trillion rubles ($432.6 billion) with a budget deficit growing to 540.9 trillion rubles ($13.7 billion), or 0.6% of the country’s GDP.

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