The Committee of the state Duma approved amendments to the 2015 budget


Moscow. October 19. The state Duma Committee on budget and taxes at session on Monday recommended to the lower house of Parliament to approve in the first reading a government bill specifying the parameters of the Federal budget for 2015.

The bill provides for the increase in total revenues in 711,6 billion (0.9% of GDP) – up to 13 trillion 251 billion. Income will be increased due to the increase in oil and gas revenues in the amount of 193,2 billion and non-oil revenue in the amount of 518,4 billion.

Total expenses increased by RUR 202.3 billion (0.2% of GDP) and will be in 2015 15 billion to 417 billion roubles.

The Federal budget deficit in 2015 will amount to 2 trillion 165 billion (3% GDP), which is 0.7% of GDP below the previously approved level.

The law also clarified the main macroeconomic indicators for 2015. So, oil prices to $53 per barrel (was $50 per barrel). The forecast drop in GDP in 2015 to 3.9% (was 3%).

Inflation, according to the government, will be for the year of 12.2%.

The document clarifies the only options for 2015, the indicators for the planning period 2016 and 2017 does not change.

“The draft law is prepared taking into account results of execution of the Federal budget for January-September 2015, on the basis of expected results of social and economic development of Russia in 2015 and the expected execution of the Federal budget in 2015”, – stated in the explanatory note to the document.

“The decision is aimed at ensuring macroeconomic stability, long-term balance and stability of the budgetary system”, says the government.