The state Duma may adopt the bill on the budget for 2016 in the first week of December

The state Duma may adopt the bill on the budget for 2016 in the first week of December


The second and third reading of the budget bill for 2016 is scheduled for the first week of December, said the speaker of the lower house of Parliament Sergei Naryshkin.

MOSCOW, 3 Nov. The state Duma may discuss in the second and third reading the draft Federal budget for 2016 in early December, said Tuesday the speaker of the lower house of Parliament Sergei Naryshkin.

According to him, at the plenary meeting on 13 November, the bill will be considered in the first reading simultaneously with the main directions of monetary policy for 2016 and the whole package of tax initiatives budget.

“The second and third reading of the draft budget (planned) first week of December,” he said during a joint meeting of the committees of the state Duma on budget and taxes, Finance and ekonompolitike.

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.