Medvedev spoke about the increase in incomes of the Federal budget in 2018

© RIA Novosti / Dmitry to Attachability in fotoreceptor of the government of the Russian Federation Dmitry Medvedev. Archival photoMedvedev spoke about the increase in incomes of the Federal budget in 2018© RIA Novosti / Dmitry attachability to the photobank

The revenues of the Federal budget of the Russian Federation by the end of this year will increase by nearly 1.9 trillion rubles, Prime Minister Dmitry Medvedev at a government meeting.

«Today on the agenda we adjust the current three-year budget based on work results for the first three quarters and expected outcomes…. As for budget, that positive changes will be more substantial, largely of course due to oil prices and floating exchange rate, but not only. We see tax revenues, which reflect positive changes in the economy, strengthening domestic demand and increasing business revenue. Expected that by the end of the year the budget revenues will grow by almost 1.9 trillion rubles,» — said Medvedev.

He added that due to the growth of non-oil revenues expenditures budget will increase by 213 billion rubles in nominal terms.

The total expenditure will be in 2018 16,803 trillion rubles, follows from the amendments to the budget. The Federal budget surplus in 2018 will increase by more than four times in comparison with indicators approved by the Federal law «On the Federal budget for 2018 and the planning period of 2019 and 2020».

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