Under this legislation, the main characteristics of the budget includes total revenues, total expenditures, deficit and surplus budget, as well as other indicators.
MOSCOW, 30 Nov. Deputy head of the faction “Fair Russia” Oleg Nilov submitted to the state Duma a bill to complement the main characteristics of the budgets of the constituent entities of the Russian Federation indicator of the forecasted level of inflation, follows from the document placed in the database of the lower house of Parliament.
Under current law, the list of the main characteristics of the budget includes total revenues, total expenditures, deficit (surplus) budget, and other indicators established by the Budget Code of the Russian Federation, laws of subjects of the Russian Federation, municipal legal acts of representative bodies of municipal formations.
However, when considering the draft laws on the budget of the constituent entities of the Russian Federation there is no indicator projected in the respective fiscal year inflation rate (consumer prices), Nilov noted in the explanatory Memorandum.
“For every inhabitant of this or that subject one of the most important indicators is the predicted level of inflation, as the basis of a particular citizen can determine their level of expenditure based on the understanding of the level of growth of prices for housing and communal services, increase of pensions and social allowances (social allowances, supplements to pensions and other payments are indexed on inflation rate),” — emphasizes the Deputy.
Therefore, the draft law proposes to amend the list of main characteristics of the regional budgets the projected rate of inflation. It is planned that the document will come into force after its official publication.