The Committee of the state Duma approved the bill about the transfer of the Central Bank to the budget of 90% of the profits

Moscow. November 18. The state Duma Committee on budget and taxes at session on Wednesday recommended that the lower house of Parliament adopted in the second and third reading of the bill in 2016, the transfer of 90% of the profits of the Central Bank for the year 2015 in the Federal budget.

The state Duma will consider the bill in the second and third reading at the meeting on Friday, October 20, said the head of the Committee Andrei Makarov.

According to the document, the Central Bank after approval by the Board of Directors annual financial statements for the year 2015 lists of actual earnings for 2015, remaining after payment of taxes and fees, 90% to the Federal budget.

“The bill is introduced in accordance with the actions in terms of mobilization of incomes of the Federal budget”, – stated in the explanatory note to the bill.

The relevant amendments proposed to the law on the Bank of Russia.

In 2010-2014, the Central Bank transferred to budget 75% of its profits. In 2015, the Central Bank lists 75% of the profit for 2014 in the Federal budget and 15% in the VEB Bank as a property contribution for purposes of strengthening financial stability of the banking system.