The state Duma adopted in the second reading the draft Federal budget for 2016

The state Duma adopted in the second reading the draft Federal budget for 2016


The main financial document for next year drawn up based on the level of inflation not higher than 6.4% and average annual prices for Urals oil at $ 50 per barrel.

MOSCOW, 2 Dec. The state Duma on Wednesday passed in the second reading the draft Federal budget for 2016.

The budget was adopted only in 2016 instead of the traditional three-year period. The income 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 based on the level of inflation not higher than 6.4% and average annual prices for Urals oil at $ 50 per barrel.

The upper limit of the internal debt on January 1, 2017 is set at 8,818 trillion rubles, foreign national debt — 55,1 billion, or 50.1 billion euros.

The volume of domestic borrowing in 2016 should not exceed 300 billion rubles, 3 billion dollars.