Added 144 billion: how has the project budget for the two weeks of discussions


The government on 28 October in the state Duma introduced the final version of the draft three-year budget, which will now only change during the parliamentary readings. As already reported , the new budget is, on the one hand, “mobilization” (in terms of revenues), with another budget of austerity (in terms of expenditures). The package of measures of fiscal consolidation by about 70% consists of “optimizing costs and increasing their efficiency”, while measures to mobilize revenues account for about 30%, estimates the government in the explanatory note to the draft budget. This should allow to reduce the budget deficit from 3.2% of GDP in 2017 to 1.2% of GDP in 2019.

The share of oil revenues, which reached last year 44% of the total volume of budget revenues will continue to decline — from 37.4% in 2017 and 36% in 2019. Laying in a budget oil price of $40, the government does not expect oil windfall, which was previously allowed to fill the Reserve Fund. “Mobilization” of income was manifested in such decisions as the requirement to direct on dividends not less than 50% of the profits of state-owned companies and Federal state unitary enterprises (483 billion rubles of revenue in 2017), a one-time transfer by the Bank of Russia dividends on shares of Sberbank (RUB 50 bln) or additional excise duties on tobacco products and electronic cigarettes. Save the state on reducing some social obligations indexation of benefits in 2017: frozen the size of the parent capital, again will not be increased salaries of civil servants and the military, and military pensions will be indexed only 4% (less than civil pensioners).

For two weeks, since October 12, when the Ministry of Finance published a draft budget, before submitting it to the Duma, the draft has undergone changes. In General, compared to the original version costs three years has increased to 144 billion rubles, of which 59.6 billion accounts in 2017. Projected deficits in the years 2017-2019 has changed slightly, that is, the developers just played consistent income slightly increased allocations.

Compared to the original version of the budget in 2017 was a little more open: the closed part of the (secret and top secret appropriations) is reduced by 100 billion rubles to 2.77 trillion (17% of total costs). By 2016 the share of classified expenditures will reach a record in the Russian history of 22.3%. Secrecy 2017 is not only defense spending, including the main indicators of the state defense order, but also with the program of state financial and export credits to foreign borrowers it also classified.

In the context of the functional areas the most notable changes in allocations compared to the original version of the Ministry of Finance has occurred in the sections “National issues”, “national economy” and “national security and law enforcement”. But if the first and second sections were added, respectively 35 billion and 26 billion rubles, “national security”, on the contrary, decreased by 25 billion rubles in 2018 or 2019 on the national security will be allocated 230 billion rubles less than expected the original version of the budget draft published by the Ministry of Finance on 12 October.

Another change — the Federal government is going to give regions in 2017 only 100 billion rubles of budget loans instead of the previously planned 200 billion roubles and in comparison with 310 billion rubles in 2016. However, the Reserve Fund of the President of Russia additionally provided 10 billion rubles in 2017, “contingencies <…> to provide one-time financial assistance to budgets of the constituent entities of the Russian Federation”, follows from the explanatory note.

The budget law provides, in 2017 at least 285 billion rubles reserved budget appropriations are those expenditures that can be reallocated within the framework specified in the law directions without amendments to the law on the budget. In the years 2017-2019 budget included a 16 basis for such a redistribution. Including about 96 billion rubles are earmarked for “improving the system of material motivation of civil servants”, in other words, premiums on officials in accordance with one of the may decrees of the President. RUB 28.6 billion plus the secret part is reserved for the decision of the President and the government “to ensure individual activities in the field of national defense, national security, exploration and use of outer space, law enforcement, development of the military-industrial complex and measures on liquidation of consequences of activity of objects on storage of the chemical weapon and objects for destruction of chemical weapons”. 100 bn annually reserved General questions on section “national economy” for the individual decisions of the government. As noted in the explanatory note, 100 billion by 2017 will be allocated to the respective priority projects during the second reading of the budget in the state Duma. In particular, the priority project to support small business provided to 14.6 billion roubles from the government reserve for the project “Education” — 26,6 billion.

A similar reserve for a total amount of 225 billion roubles is provided for a separate presidential decisions in the sphere of the national economy, but only in 2018 and 2019. In 2016, the budget was formed by presidential reserve at 342 billion rubles. of frozen pension savings. Next year pension savings once frozen, it is 408 billion rubles, follows from feasibility study to the appropriate bill. Once they are used, from the law on budget and materials to him is not clear, but the General public portion of the reserved funds for 2017 is only 285 billion rubles (in this year of 765 billion). It turns out that the frozen pension savings will be used for secret areas.

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