the Russian Government has charged during the week to finalize the draft Federal budget for 2017-2019. About it reports “Interfax” with reference to the press service of the Cabinet.
overall, the draft budget was approved by the Cabinet. Also, the government approved the forecast of socio-economic development of the Russian Federation for the next three years, the basic version of which is planned to lay the basis for the budget.
“All the documents that were submitted to the government meeting, approved a small revision to be made, overall budget process, the government concludes,” – said the representative of the government.
According to the draft, the Russian budget up to 2019 will be scarce. In 2017 the gap between income and government spending will amount to 3.15% of GDP in 2018 – 2,15% of GDP in 2019 – 1.15% of GDP. While Russia’s GDP in 2017 will increase by 0.2% in 2018 and 0.9% in 2019 – 1.2%.
it is Planned that inflation in the next three years will not exceed 4% annually and the price of oil will be $ 40 per barrel. As for the U.S. dollar in 2017, it should reach to 67.5 rubles, a year – 68,7 rubles, and in 2019 to reach 71.1 per ruble.
the Draft budget until October 28, should be submitted to the Duma. In the first reading, the document may be examined by MPs on November 18.
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