The government will consider amendments to the Federal budget-2017

© RIA Novosti / Viktor Tolockiene the Government House. Archival photoThe government will consider amendments to the Federal budget-2017© RIA Novosti / Viktor Tolochko

The government of the Russian Federation at session on Thursday will consider amendments to the budget for 2017 and the planning period of 2018 and 2019, reported the press service of the Cabinet of Ministers.

Clarifies that the bill provides for the increase in total revenues of 41.5 billion rubles, including due to the increase in oil and gas revenues in the amount of 25.7 billion and non-oil revenues in the amount of 15.8 billion rubles.

As earlier Wednesday it was reported on the official portal of projects of normative legal acts, the Ministry of Finance has prepared amendments to the Federal budget of the Russian Federation in 2017, increasing its deficit to 2.18% from 2.09% of GDP.

In addition, the government will consider the bill on indexation of excise rates for individual types of excise goods established for 2018.

Earlier, the Russian government has approved a rise in excise duties on fuel by 50 cents, 1 January and 1 July 2018. Excise rates on alcohol and tobacco, the Ministry of Finance of the Russian Federation proposed in 2018-2019 to keep at the same level, and in 2020 the index by 4% — in line with the projected rate of inflation.

The bill, which will discuss the government, also provides for changes in the term transfer of powers to the constituent entities of the Russian Federation on establishment of tax privileges for the tax on property of organizations in respect of movable property in 2018 to 2019.

In addition, the meeting will the consideration of the preliminary results of harvesting crops.