The Cabinet will discuss the Federal budget for 2016

© RIA Novosti / Ruslan to Krivobokova fotobanka in Moscow. Archival photoThe Cabinet will discuss the Federal budget for 2016© RIA Novosti / Ruslan to Krivobokova the image Bank

The government of the Russian Federation at session on Wednesday will consider the execution of the Federal budget for the year 2016, reported the press service of the Cabinet of Ministers.

The deficit Federal budget for 2016 to 2.97 trillion rubles, or 3.5% to GDP, reported in January, the Ministry of Finance. Budget revenues made up 13.46 trillion rubles (or 100.7% compared to the approved annual amount), the cost — of 16.43 trillion rubles (100,1% of the plan year). Thus, the deficit amounted to 2,967 trillion rubles.

Also at the meeting the government will consider the budget of the FIU in 2016 (the actual execution of the budget of Fund for 2016 in income amounted to 7,625 trillion rubles, expenses – of 7.83 trillion rubles).

In addition, it will be considered the budget performance for the year 2016 of the social insurance Fund (FSS) of Russia (income — 616,4 billion rubles, expenses — 664,9 billion), and mandatory health insurance Fund (HIF) (revenues — 1,658 billion rubles, expenses — 1.59 billion).