The state Duma will consider the draft Federal budget for 2016 in the first reading on November 13

The state Duma will consider the draft Federal budget for 2016 in the first reading on November 13


MOSCOW, 24 Oct. The state Duma will consider the draft Federal budget for 2016 in the first reading in plenary on 13 November, told reporters the head of the Duma Committee on budget and taxes Andrey Makarov.

Friday estimates for next year was introduced in the lower house of the Russian Parliament.

“At the same time we believe it is possible from the second number to begin discussions of the budget <…> in order to submit the draft budget to the state Duma in the first reading on November 13. Second reading if it will be supported in the first reading, we propose to conduct 2 December to 4 December, subject to the approval of his second, the budget could be adopted in the third reading, sent to the Federation Council and the President of the Russian Federation”, — said Makarov.

Previously Makarov told reporters that together with the draft Federal budget, which should consist of 7,624 thousands of pages, introduced the draft budgets of extra-budgetary funds — medical insurance Fund, social insurance Fund, pension Fund. Their deadlines will be associated with the timing of consideration of the main estimates. At the same time the draft budget will be forwarded to the President of the Russian Federation, Federation Council, Central Bank and audit chamber, which shall give its opinion on the document.