The state Duma adopted in the first reading amendments to the law on the budget for 2017

MOSCOW, June 9. /TASS/. The state Duma adopted in the first reading amendments to the law on the Federal budget for 2017.

Estimated budget revenues in 2017, a bill to increase 14,679 trillion (15.9% of GDP) 13,488 trillion rubles, expenses – to 16,603 trillion (18% of GDP) 16,241 trillion rubles. The budget deficit is reduced to 1,924 trillion roubles and will amount to 2.1% of GDP instead of the planned 3.2 percent. The main source of financing the budget deficit this year will be the Reserve Fund in the amount of 1.06 trillion rubles.

The forecast of nominal GDP in 2017 increases to 92,19 trillion rubles 86,806 trillion, and the projected inflation rate declining to 3.8% from 4%. The maximum amount of internal debt of the Russian Federation reduced by 1,125 trillion rubles – to 9,227 trillion rubles, foreign – to 101 billion rubles, to 3.52 trillion rubles. New version forms the basis of the amendments to the budget forecast provides for average annual price of oil at $45,6 per barrel, the average rate of the ruble, according to the forecast, will amount to 64.2 rubles per dollar.

“So, essentially proposes a new structure of the Federal budget in 2017, which cover a significant amount of the Federal budget deficit (1 923,8 billion rubles) will be provided by large-scale domestic borrowing (1 878,7 billion rubles), the complete exhaustion of the Reserve Fund (1 060,8 billion), tangible use of the funds of the national welfare Fund (663,5 billion) with the simultaneous formation of significant amount of balances in accounts to record funds of the Federal budget due to the purchase of foreign currency (623,3 billion), comparable to the volume of national welfare Fund”, – said in the conclusion of the Committee on budget and taxes.

Expenses grew stronger than revenues

Non-oil revenues in 2017 increase by 471,824 billion rubles, of which to replace lost sources of financing the budget deficit will be directed 109,992 billion, of the increase in costs – 361,832 billion. Overall, the growth of Federal budget expenditures for 2017 is formed by increasing the cost of implementation of separate directions on 386,68 billion and spending cuts in other directions on of 24.85 billion.

The bill also provides for the redistribution of budgetary allocations on the proposals of the implementers of government programs and the main managers of means of the Federal budget to 71.6 billion rubles.

The national economy will get more money

The bill provides increased Federal spending for 13 sections of the classification costs. The largest increase in budget allocations (in absolute terms) envisaged under the sections “national economy” – 61 481,0 million rubles (growth by 3.2%), “National issues” – 54 931,7 million (4.4%), “national security and law enforcement” – 30 809,4 million (2.4%), “environmental Protection” – 18 763,8 million (24.5%), “inter-budget transfers of General nature to budgets of the budgetary system of the Russian Federation” – 13 277,1 million (1.8%), “Social policy”, 11 071,8 million (0.1%).

Section “public Health services” increased by 385,9 million rubles, or 0.35%, section “Housing and utilities” – 266,3 million rubles, or 0.34%. Budget cuts are proposed in sections “state and municipal debt Servicing” – 8.7 billion rubles (1.2%) and “national defense” to 0.09 billion (0.01%).

10 billion rubles will be allocated to the regions the funds will be provided to those constituent entities of the Russian Federation, which will achieve the best results in the development of tax potential. In addition, about 3 billion is planned to allocate for support of regional budgets.

It is planned that the state Duma will consider amendments to the budget at second reading on 16 June, the third on June 21.

The state Duma will check

The state Duma in the beginning of the year together with the audit chamber to analyze how its executed orders for the execution of the Federal budget and data offices will be held on Okhotny Ryad “government hours.”

“Maybe we start every year in the month of January with in order to hear a report on how is made the resolution of the state Duma, which we take throughout the year not only on budget, but also in the framework of the “government hours”, each Ministry and Agency?” – suggested the head of the Duma Committee on budget and taxes Andrey Makarov following the discussion of amendments to the budget 2017. “Let’s in January will control that made the decisions that we’ve made over the year,” he said, referring to the speaker Vyacheslav Volodin.

“If you don’t mind, it would be possible to support the proposal of the Chairman of the Committee,” responded Volodin, noting that it was the right thing to do together with the accounts chamber. “Then we really will have feedback”, – he stressed. “No one has abolished the monitoring of budget execution, which are in the authority and the Committee, and the audit chamber, and, accordingly, the state Duma,” – said the head of the chamber and enquired about the position on this occasion, the Chairman of the accounts chamber Tatyana Golikova and the Minister of Finance Anton Siluanov.

“(It) is possible”, – said Golikova. In her words, “decisions a lot of items (orders) too much, in some cases they are specific, and when we are talking about some narrow issue, to respond to her performance, it is necessary to undertake relevant activities to the review was appropriate.” “So it is important then to understand timeline of how this is set up so that you can shape your work plan, it made sense,” – said the head of the control Department.

For its part, Siluanov confirmed that the Ministry of Finance a proposal Makarov “support in terms of budgetary and financial matters”. “Indeed, it will be understood that this is done (order of the state Duma) over the last year or have not accomplished, and you can put tasks in adjusting the budget and how to work out the instructions that were given by the state Duma”, – he added.

“If there are no objections from factions let’s implement this form. Then it will be feedback, and we will participate in the adoption of not only budget, but also will analyze how the budget reflects including what we say and how run sections of the budget”, – summed up Volodin.