The state Duma may pass the law on the Federal budget for 2016

The state Duma may pass the law on the Federal budget for 2016


MOSCOW, 4 Dec. The state Duma on Friday at plenary session will consider in the third final reading the draft Federal budget for 2016.

When voting in the second reading the document was supported by only two factions — United Russia and the LDPR. It was opposed by the Communist party and “Fair Russia”.

“As a result of very thorough, careful analysis of project budget… managed to redeploy a significant portion of the proceeds and direct them to these priorities. This and support for regions, and reconstruction, construction of new school buildings, payment of expenses on major repairs for the disabled and single pensioners, support of science and new technologies”, — said the speaker of the state Duma Sergei Naryshkin on Thursday after a meeting of the Council of the Duma.

Indicators

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. GDP is expected to 78,673 trillion rubles.

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.

Projected Reserve Fund at the beginning of 2016 — 3.4 trillion rubles at the end of the year — a little more than 1 trillion rubles. The Outlook on the sovereign wealth Fund at 4.9 trillion rubles on January 1, and of 4.66 trillion rubles at the end of the year.

The amendments adopted in the second reading, are allocated additional funds for some purpose. In particular, it is planned in 2016 the subjects of the Russian Federation further to provide up to 310 billion rubles of budgetary credits to partially cover deficits in their budgets, for covering temporary cash gaps, as well as for activities connected with liquidation of consequences of natural disasters and technogenic accidents. In the first reading was allocated 140 billion rubles.