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Budget amendments for 2016 have passed their second reading in Russia’s State Duma. The draft amendments imply an increase of Russia’s 2016 federal budget deficit to 3 trillion rubles ($47.2 bln), or 3.7% of GDP. …
The insurance contribution rate will be increased to 30.8% in Russia from 2019. The corresponding decision was taken by the Russian government, the Economic Development Minister, Aleksey Ulyukayev, said. "I …
Prime Minister of the Russian Federation Dmitry Medvedev said at the meeting with President Vladimir Putin that the government deliberately based its budget for 2017-2019 on the oil price of $40 per …
Russian Prime Minister Dmitry Medvedev reported Russian President Vladimir Putin about the completion of the budgetary process in the government, the president's press secretary Dmitry …
Russia’s Finance Ministry expects non-oil and gas revenues to rise by almost 900 bln rubles ($14.2 bln) in 2016 owing to the purchase of Rosneft stake, the Russian Finance Minister Anton Siluanov said. "We …
The Russian government has submitted draft amendments for the 2016 federal budget to the State Duma. According to the government website, the draft law proposes to adjust the main characteristics of the budget for the current …
The draft budget for 2017-2019 assumes sanctions against Russia will continue until 2019 year-end and the oil price of $40, the Russian Prime Minister Dmitry Medvedev said. The draft will be submitted to the State Duma …
The Russian Finance Ministry has prepared a draft 2016 budget with a deficit amounting to 3.034 trillion rubles, or 3.66% of the gross domestic product (GDP). Nominal spending was increased by 304 billion rubles to 16.403 trillion …
Russian Finance Minister Anton Siluanov warned at a conference in Sochi that the budget gap will be wider this year than earlier forecast, forcing Russia to step up the pace of domestic borrowing. The deficit may …
Strict measures of budget policy should be applied to market players, not to state-owned companies
The Russian Reserve Fund will be exhausted over the course of the next year, the budget deficit financing will start from the Russian National Wealth Fund, Deputy Finance Minister Alexei Lavrov told journalists on Friday, TASS …
In August, the Ministry of Finance spent 390 billion rubles from the Reserve Fund (almost 20% of its total funds) to cover the deficit of the Russian budget. Will these funds be enough for the elimination of …
Russia estimates its efforts on economy recovery as modest, however, the situation has stabilized, the reserves have maintained, the capital outflow decreased by 5 times in comparison to the last year, Russian President Vladimir Putin …
Today, Russian Prime Minister Dmitry Medvedev urged fellow party members and the opposition to not offer electorate unrealistic dreams in order to attract their votes in the elections, stressing that no government would increase …
The total cost of construction of a bridge across the Kerch Strait will amount to 227.9 billion rubles ($3.54 bln) in the prices of the respective years. It includes the costs of the project contractor Stroygazmontazh and ordering …
Russia’s Reserve Fund may be depleted in 2017, the Russian Deputy Finance Minister Sergey Storchak said. "Yes, it is possible," he said when asked whether the Reserve Fund may be depleted next year. …
The Russian Presidential Administration and the government are unanimous in agreeing that in the current economic situation it is necessary to regulate the budget expenditures, the presidential spokesman Dmitry Peskov said, …
The Russian Finance Ministry’s proposal to freeze the federal budget spending in nominal terms for 3 years was approved yesterday at a meeting with the Prime Minister Dmitry Medvedev. The ministry proposed to set the …
The Russian Finance Ministry’s proposal to freeze the federal budget spending in nominal terms for 3 years was approved on Monday at a meeting with Prime Minister Dmitry Medvedev. The ministry of finance …
In the first five months of this year the Russian budget deficit amounted to 1.5 trillion rubles. Such data are contained in the report of the Accounts Chamber of Russia. It clarifies that the federal …
