The Committee of state Duma on Tuesday will consider a budget bill for 2016

The Committee of state Duma on Tuesday will consider a budget bill for 2016


On the basis of estimated inflation at 6.4%, revenues in the draft budget for next year is planned at the level of 13,738 trillion rubles, expenses – 16,098 trillion rubles.

MOSCOW, 3 Nov. The state Duma Committee on budget and taxes on Tuesday will consider in the first reading the draft law on the Federal budget of the Russian Federation for 2016, the agenda of the meeting.

The government introduced a bill on the budget at the end of October. Earlier, the head of the Duma Committee on budget and taxes Andrey Makarov (“United Russia”) announced that the house will consider it in the first reading in plenary on 13 November, the second reading if it will be supported in the first reading, is scheduled for 2 December. If the deputies supported the document, on second reading, finally it can be accepted 4 December.

For the consideration of the budget bill as a whole complies with the budget Committee of the state Duma, for each of the sections of the document assigned to its relevant Committee. The number of committees has already issued its opinion about the bill. While recommended it to reject only the committees on science and high technologies, and also for regional policy.

Revenues in the draft budget for next year is planned at the level of 13,738 trillion rubles, expenses — 16,098 trillion rubles. The budget deficit will be at 2.36 trillion rubles, or 3% of GDP. The main financial document for next year drawn up on the basis of the inflation rate not exceeding 6.4 per cent.

On Monday, the budget Committee held a discussion of the results of examination of the draft budget carried out by the representatives of the leading economic universities of the country.

Following discussions Makarov said that independent experts called for the adoption of the draft budget for 2016 in the first reading.

According to him, the budget of 2016 will be difficult. “Today we want to understand whether the budget is prioritised, taking advantage of all resources. We want to know, are there any additional opportunities,” — said Makarov.

According to him, the Ministry of Finance of the Russian Federation States the main position that the purpose of the budget is its balance.

“The position that has been stated in this chamber, and in the documents of the State Duma, is that the purpose of the budget cannot be balanced. The goal must be different: it is the fulfillment of the government’s social obligations, the development of the country, finally, the issues of human capital”, — said Makarov.