The state Duma adopted in the second reading the draft Federal budget for 2018 to 2020

© RIA Novosti / Maxim to Aminopherase in photobackpack the Federal budget. Archival photoThe state Duma adopted in the second reading the draft Federal budget for 2018 to 2020© RIA Novosti / Maxim to Aminopherase the image Bank

The state Duma adopted in the second reading the draft Federal budget for 2018 to 2020. The third reading is scheduled for November 24.

It is assumed that the budget revenues in the coming three-year period will grow in nominal terms but to decline as a percentage of GDP. In 2018 they will be 15,258 trillion rubles, or 15.7% of GDP in 2019 — 15,555 trillion rubles, or 15.1% of GDP in 2020 — 16,285 trillion rubles, or 14.8% of GDP. Budget expenditures in this period are expected to reach 16,529 trillion rubles (17% of GDP), 16,374 trillion rubles(15.9% of GDP) and 17,155 trillion rubles (15.6% of GDP). The budget deficit in 2018 will amount to 1.3% of GDP in 2019 and 2020 will drop to 0.79% of GDP

In the second reading decided to direct on increase of remuneration in connection with the increase in the minimum wage in 2018 4.4 billion, in 2019 16.3 billion rubles in 2020 – 19,2 billion rubles. On health is allocated 8 billion roubles in 2018 and for 7 billion rubles in 2019 and 2020, to connect medical organizations to 4.9 billion rubles and 5 billion rubles per year respectively.

The cost of military salaries increase by 2018 at 52,762 billion rubles in 2019 — 66,401 billion rubles in 2020 — 121,559 billion rubles on the development of culture and tourism — at 2,384 billion, 7,294 billion and 3.5 billion rubles, respectively, on education for 10 billion, 8 billion and 6 billion rubles.

In 2018-2020 the preservation of the river Volga and the prevention of pollution will be allocated a total of about 3 billion rubles on the creation of a comfortable urban environment — 75 billion rubles. The development of forestry allocated an additional 4.3 billion rubles in 2018, 4.4 billion rubles in 2019 and 5.4 billion rubles in 2020.

The cost of the program of development of agriculture in 2018-2020 increased by 20 billion rubles a year to provide funding at the level of 2017 (242,3 billion). Grants to support investment lending in agriculture in the three year period will total 39 billion rubles per year. And subsidies for compensation of interest rates on investment credits (loans) to support concessional lending to agribusiness identified for 2018 at 52.2 billion rubles in 2019 and 2020 — at 55.5 billion.

Money for the Railways

JSC «Russian Railways» on compensation of losses of income arising in the year 2018 as a result of establishing preferential tariffs for grain shipments in 2018, the grant is allocated almost 2 billion rubles. Railways can also get in authorized capital in 2018 to 5.25 billion rubles for development of railway infrastructure of the Kiev direction of the Moscow railway. Also planned a contribution to the Charter capital of Russian Railways for future capital investments in objects of state (municipal) property – 25,896 billion in 2018, 18,249 billion in 2019, 22,498 billion in 2020.

Support Of Vnesheconombank

Russian credit organizations, international financial institutions and the VEB to compensation for the shortfall of their incomes on the loans granted to agricultural producers will be granted subsidies in the amount 49,679 billion in 2018, 56,13 billion in 2019, 55,798 billion rubles – in 2020. As a property contribution of the Russian Federation to Vnesheconombank in 2018 it is planned to send 117,222 billion to compensate for lost revenue on loans granted in support of the production of high-tech products for civil and dual-purpose organizations.

Clarified support for «factory» project Finance of the Bank. For reimbursement in connection with the granting of loans within the framework of the implementation of the «factory» project financing instead of the anticipated grants are intended to be made a material contribution to the capital of Vnesheconombank. The specific amount is not specified, only the possibility of its introduction. Today, the possibility of raising funds for projects is extremely limited, and this mechanism allows in terms of financial sanctions and restrictions of financial resources to attract these financial resources explained earlier, the head of the budget Committee Andrey Makarov.

The Russian government will have the right to consent in 2018 for an extension for up to 30 years with possibility of extension for another 15 years period of loan repayment (repayment of the debt based) under the credit agreement in 2016 VEB Fund industrial assets and is secured by a guarantee of the Russian Federation. For the same period may be extended warranty.

Contributions to the KLA and subsidies for the STLC

In the authorized capital of the United aircraft Corporation in 2018 will be contributed to the financing of production infrastructure and facilities after-sales service of the plane silt-114-300 (2.2 billion rubles) and the production infrastructure of the Il-96-400M (1.32 billion). And the State transport leasing company in 2018 will receive subsidies for new aircraft (5 billion rubles) and the provision of a mechanism to support sales of aircraft Il-96-400M (9.8 billion rubles). For the construction of the new runway (runway-3) of the international airport «Sheremetyevo» in 2018, allocated 1.5 billion rubles.

Funds for «RusHydro» and «Avtodor»

The state Duma adopted in the second reading the draft Federal budget for 2018 to 2020© Fotolia / ldprod the Deficit of Russia’s budget in 2017 will amount to 2.1% of GDP, said Siluanova the construction of single-circuit overhead 100 kV «Pevek-Bilibino» in the authorized capital of «RusHydro» plans to allocate 1 billion rubles in 2018, and 3 billion in 2019, 6 billion rubles — in 2020. State company «Avtodor» on the construction and reconstruction of roads in 2018 is about 86,298 billion in 2019 – 81,162 billion rubles in 2020 – 84,503 billion rubles.

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