Friday, November 18, the State Duma adopted in the first reading the draft Federal budget for the next three years. “For” vote of 334 deputies, against 100, abstentions were not. The Communists, a just Russia and the liberal Democrats, as promised, the draft budget did not support. “United Russia” defends the social costs.
the Level of expenditure will remain
Minister of Finance Anton Siluanov, the budget designed for three years, which ensures the predictability of the basic parameters in the economy and industry. “It gives the opportunity to see how the situation develops with taxes what priorities will be identified for the next three years, which industries will be supported,” – said Siluanov. Provides for the implementation of all social obligations, the indexation of pensions and allowances in full. The planned reduction in inflation to 4 percent annually and a slight increase of the wage. Priority will be defense spending, which will provide modernization of the Armed forces.
the Main financial document drawn up on the basis of a conservative approach to the price of oil in 40 dollars for barrel. This will allow you to perform all budget options, not to reduce costs, as happened in 2016 when oil price was high. “The level of costs prevailing in the current year and subsequent years will be executed, will change only the structure of costs”, – said Anton Siluanov.
budget risks
the chamber considered too optimistic budget forecast for GDP growth. This was stated by the head of Department Tatyana Golikova. She noted that in 2017, expect an increase in inventories of citizens, and based on this forecast of a small GDP growth. “It’s overly optimistic forecasts – said the head of the accounting chamber. – Inherent parameters of salaries and pensions does not suggest that consumer demand will grow.” To the same provides for the preservation of relatively high level of interest rates on loans. In 2018 a positive contribution to economic growth should bring increased private investment in the economy, but there is no reason to assume this increase.
the Volume of domestic borrowing in 2017 will increase by 2.2 times compared with the year 2016. Proceeds from borrowings will be 1.9, 1.6 trillion rubles in 2017 and 2018. “In 2017-2019 years, the Treasury would be forced to raise funds due to higher interest rates,” he said. In General, there are risks to sources of budget deficit. In 2017, the ACA proposes to pay more attention to the improvement of revenue administration. It is necessary to decide on a new “budget rule” and structural reforms in education, health care. “But despite all the shortcomings, the budget is created, and its adoption in the first reading – the key to the stability of the country”, – Golikova said.
Social spending will increase
the state Duma Committee on budget and taxes supported the project of the Federal budget. The head of the Committee Makarov believes that the document will need to adopt in the first reading, and then there will be formed a good basis for amendments to the second reading. “The basis for a new economic model must lie in human capital. Investments in education and health are not expenses, and investments, explained Makarov. – If we don’t solve these problems, do not ensure economic growth.”
the”United Russia” offers to the second reading of the budget to provide funding for the village is not below the level of 2016, increasing the credit to regions and to refinance debt obligations of subjects. Additional funds proposed to be spent on providing disabled people with technical means of rehabilitation, the purchase of medicines, the provision of state support to public organizations of disabled persons. Will be financed summer holidays for children, renovation of the municipal houses of culture, the creation of gyms.
Anton Siluanov has no doubt that the second reading will be able to find solutions on key priorities. “I’m sure we’ll find the Finance for the decision of problems, – he assured. – Of course, everyone wants more spending on social services, and infrastructure. But we can only afford so much, that was not unbalanced the budget”.
the Opposition is dissatisfied
Commenting on the draft budget, the opposition MPs criticized the Government and made suggestions on how to increase budget revenues. Member of the Committee on budget and taxes, member of “Fair Russia” Oleg Nikolaev noticed that the administration of customs duties and fees would bring an additional 40 billion dollars, and the introduction of a one percent tax on currency exchange transactions to 1 trillion rubles on a quarterly basis.
His colleague in the faction, first Deputy Chairman of the Duma Committee on budget and taxes, member of Alexander Remezkov believes that the budget proposed by the Government, no recovery of investment activity and speech can not be. The industry for two years, lost 3 percent, and in subsequent years will grow by only 5 percent. The share of commodity exports remains at the level of 59 percent.
it is Planned to increase salaries by 4%, but in 2016 they fell by 8.7 percent. “This means that citizens will retain the savings behavior model,” – said Remezkov. The government expects the growth of consumer credit, but this calculation is also not justified. Alexander Remezkov stressed that the crisis of 2014 was 11 per cent of the population below the poverty line by 2018, and is already 14 percent. But this “patch holes in the budget at the expense of citizens and impoverished regions”. It is not known how the Finance Ministry plans to Finance the budget deficit using the national welfare Fund. “All these plans will lead to an outflow of funds from the real sector of economy” – believes Remezkov.
the Output of “Fair Russia” sees in structural reforms, changing the economic development model of the country. Specific proposals formed the alternative budget, which was developed by the faction. MPs oppose the transfer of 1 percent of tax revenues from rich regions to the poor, for the introduction of a progressive personal income tax incentives to enterprises investing in research and development. The proceeds of the proposed measures will amount to 1.5 trillion rubles, which you can invest in the economy.
Economic growth will not, if you do not change the existing economic model, agreed first Deputy Chairman of the Duma Committee on budget and taxes, the Deputy from LDPR Sergey Katasonov. He called the bill a “budget of eating away”. “Key figures have repeatedly voiced – costs about 16 trillion 250 billion rubles, income of 13.5 trillion and 2.7 trillion deficit,” he said. This means that Russia will spend the Reserve Fund and starts to go into the national welfare Fund.
“Today, we need to change the course of survival in the course of development, we need a new social model of great power” – supported colleagues, the Chairman of Committee on agrarian questions, Communist Vladimir Kashin. The revenues of the budget of our country must comply with the concept of great powers, which sees its global interests and with which all considered, I’m sure the Communist. “13.5 trillion of revenue are only a small fraction of what the US spends on defense, our budget is 17 times smaller than the overall U.S. budget. And not move to increase the revenue side of the budget is a disaster for our country”, – said Kashin.
MPs Have time to make their amendments to the draft budget. Second reading of the bill is scheduled for December 7, and the third reading on 9 December. Then three months given to bring state programs into compliance with the budget. In accordance with the forecast of the Ministry of Finance, financing of government programs will be reduced, while the targets are still maintained at the same level.
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