The state Duma adopted in the first reading the draft state budget for the years 2020-2022, showed a surplus.
As explained by 1st Deputy Prime Minister and Minister of Finance Anton Siluanov, representing the document to deputies, the economy immune from the negative scenarios on the carbon market, because as the base installed cost for oil of $ 42 per barrel.
The head of the accounts chamber Aleksei Kudrin, for his part, said that budget stability has greatly increased, it will enable to fulfill all obligations.
He said reducing the non-oil deficit and growth of expenditure on education, health and national projects.
According to the budget rule, all oil and gas revenues received in the oil price above the upper limit cut-off (42, $ 4 per barrel in 2020) will be sent to the NWF.
Oil and gas shortages, that is, excluding oil and gas parish funds, According to the law, will be stable for three years in district 5, 8-5, 9% of GDP.
in 2020, the budget revenues are projected at 20, 379 trillion rubles (18, 1% of the GDP), 21, 246 trillion (17, 7% of GDP) in 2021 and 22, 058 trillion (17, 2% of GDP) in 2022.
Expenses in absolute terms will increase and there will be 19, 503 trillion rubles (17, 3% of GDP) in 2020, 20, 634 trillion (17, 1% of GDP) in 2021 and 21, 763 trillion (16, 9% of GDP) in 2022.
According to the baseline forecast of economic development, in 2020 the GDP will grow by 1, 7%. Subsequently, growth will accelerate to 3 1% in 2021 and 3, 2% in 2022.
Inflation is projected at three percent in 2020 and 4% in the next two years.
The second reading is scheduled for November 19th and the third on November 21.
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sections: Politics |