The authors of the amendments to the Budget code are the speaker of the state Duma Sergey Naryshkin and the head of the Duma budget Committee Andrey Makarov. The law comes into force on 1 January 2016.
MOSCOW, 2 Dec. The state Duma on Wednesday passed in the second and third readings the law on the approval of a separate application of budgetary allocations on the implementation of Federal targeted investment programme (FAIP) for the next financial year and planning period, when considering the second reading of the draft Federal budget.
The authors of the amendments to the Budget code are the speaker of the state Duma Sergey Naryshkin and the head of the Duma budget Committee Andrey Makarov. The law comes into force on 1 January 2016.
Deputies pay attention that in recent times the application of the Federal budget expenditures for implementing the FTIP with construction projects and sites approved for 2002. And with only 2011 information about the objects of capital construction of the FTIP is submitted on the Internet.
The list of documents and materials submitted to the state Duma simultaneously with the project of the Federal budget, now complemented by a list and evaluation of the volume of expenditure obligations of constituent entities of the Russian Federation arising from the execution of powers of the Russian Federation, transferred to the regional and local level.
As explained by the authors of the legislative initiative, the need for the adoption of the amendments associated with established practice, the reduction in the execution of Federal budget in the volume of subventions provided from the Federal budget to the regional budgets on exercising powers of the Russian Federation.
The second reading deputies made some amendments. In particular, since the beginning of 2016 to 1 January 2017 tax revenues from the severance tax paid by a factor of 0.6 the participants of the Special economic zone (SEZ) in Magadan region in respect of minerals (except hydrocarbons, natural diamonds and commonly occurring minerals), produced on the subsoil plots located fully or partially on the territory of the Magadan region, shall be credited to the regional budget under the specification of 100% (40% to the Federal budget, 60% in regional).
