In the state Duma introduced a project to increase budget surplus

© RIA Novosti / Grigory to Sysoeva in fotobanka on the building of the State Duma of the Russian Federation. Archival photoIn the state Duma introduced a project to increase budget surplus© RIA Novosti / Grigory to Sysoeva the image Bank

The government of the Russian Federation submitted to the state Duma the bill of change of the main parameters of the Federal budget in 2018 and increase its surplus to 2.1% from 0.5% of GDP, from the database of the lower house of Parliament.

The document envisages the increase of budget revenues in the current year to 1 trillion 874,7 billion (1.3% of GDP) to 18 trillion 947,6 billion rubles with the growth of oil and gas revenues by 1 trillion 582,2 billion, non-oil and gas – 292,5 billion.

Total expenditures the bill increases 217,7 billion to 16 trillion 808,8 billion rubles, or 16.6% of GDP, which is 0.3% below the level approved by the budget law, said the government.

The budget surplus compared to the previously approved indicators increased more than four times (1,657 trillion rubles) and will amount to 2 trillion of 138.7 billion rubles, or 2.1% of GDP, due to rising oil and gas revenues. While the non-oil deficit of $ 6 trillion to 678.4 billion rubles, or 6.6% of GDP.

The main source of financing the budget deficit in 2018 will be the funds of the national welfare Fund (NWF) in the amount of 1 trillion 113,3 billion. According to the Cabinet, the amount of the NWF at the end of 2018 will grow up to 3,818 billion rubles.

The volume of public debt of the Russian Federation will be reduced by 158.1 billion to 13 trillion 761,1 billion rubles compared to the previously approved figure in the budget law. The volume of domestic debt will be reduced by 459,3 billion to 9 trillion 821,3 billion rubles, and the outer increase of 301.2 billion to 3 trillion 939,8 billion.

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