The state Duma may oblige the Central Bank to transfer 90% of its revenue in the budget

The state Duma may oblige the Central Bank to transfer 90% of its revenue in the budget


We are talking about the main financial law of the country in 2016. The current legislation stipulates the following year, the transfer of 75 percent of the profits of the Bank of Russia to the Federal budget.

MOSCOW, 20 Nov. The state Duma will consider on Friday, November 20, in the second and third readings of the bills that establish particular profit transfers from the Bank of Russia for the year 2015 in the Federal budget in 2016.

The draft laws provide for the listing in 2016, the Federal budget 90% of the profits of the Bank of Russia received by the end of 2015 and remaining after payment of taxes and fees. The relevant part of the profits will be transferred to the budget after approval by the Board of Directors of the Bank of Russia annual financial statements of the Central Bank in 2015.

The legislation provides for the following year transfer 75% of profit of the Central Bank in the Federal budget.

According to preliminary estimates of the Bank of Russia, the implementation of the laws was to bring in 2016 in the Federal budget further 56 billion. This is taken into account in the draft Federal budget for the next year. Subsequently, however, as reported to journalists the first Deputy Minister of Finance Tatyana Nesterenko, the Central Bank said the Outlook for profits in the budget additionally, it may arrive only 22 billion rubles, i.e. 34 billion rubles less.