The budget Committee of the state Duma recommended that the draft budget for 2016 to I reading

The budget Committee of the state Duma recommended that the draft budget for 2016 to I reading


The document will be considered on first reading at the Duma plenary session on 13 November. The second and third reading are planned for the first week of December.

MOSCOW, 11 Nov. The state Duma Committee on budget and taxes recommended that the lower house of Parliament to adopt in the first reading the draft Federal budget for 2016.

The draft budget for the meeting of the Committee was supported only by United Russia. Representatives of all opposition factions (CPRF, LDPR and “Fair Russia”) spoke against.

The state Duma will consider the document at first reading in plenary on 13 November. The speaker of the Duma Sergey Naryshkin was informed that the second and third reading of the draft budget is scheduled for the first week of December.

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.

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. Several committees have already made their conclusions on the bill. While recommended it to reject only the committees on science and high technologies, as well as on regional policy.