The government will submit to the state Duma a draft budget for the 2019-2021 years

© RIA Novosti / Natalia to Seliverstova in photobacteria of the State Duma of the Russian Federation. Archival photoThe government will submit to the state Duma a draft budget for the 2019-2021 years© RIA Novosti / Natalia to Seliverstova the image Bank

The government will submit to the Duma a draft Federal budget for the year 2019 and the planning period of 2020 and 2021 years, showed a surplus for the coming three years, reported the press service of the Cabinet of Ministers.

According to the document posted on the Federal portal of normative legal acts, following approval of Cabinet, the income in 2019 is expected to be 19,969 trillion rubles, expenses — 18,037 trillion rubles, respectively surplus 1,932 trillion rubles, or 1.8% of GDP. When preparing the budget the government proceeded from the inflation forecast is not above 4.3 per cent.

In the next two years envisages a gradual growth in both revenues and expenses, and the surplus will be reduced. By 2020, revenues are budgeted in the amount of 20,219 trillion rubles, expenses — 18,994 trillion roubles, the surplus — 1,224 trillion rubles (1.1% of GDP). In 2021 the expected income 20,978 trillion rubles, expenses 20,026 trillion rubles and, accordingly, a surplus of 952 billion rubles (0.8% of GDP). Inflation in these years is projected to be not higher than 3.8% and 4%.

This year, the Cabinet will submit the budget to the state Duma by the new rules. The bill itself, the explanatory note and the guidelines for the budget, tax and customs-tariff policy, the forecast of socio-economic development of the Russian Federation, and related bills will be filed in paper form.

Other supporting materials are certified with electronic digital signature of the Minister of Finance and will be posted on the portal of the budget system. At the same time, this system will be posted preliminary results of socio-economic development of the Russian Federation for the first eight months, the assessment of expected execution of the Federal budget for 2018, the forecast of the main parameters of the budget system of Russia, and also other documents.

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