5 December 2012, 12:06

Putin signs bill on budget into law

Putin signs bill on budget into law

Russian President Vladimir Putin has signed the bill on the federal budget for 2013, and the budget plan for 2014 and 2015, into law. This came in a statement by the Kremlin press service earlier today.

The draft budget passed the State Duma in the third reading in November, and was subsequently approved unanimously by the Council of Federation. The overall forecast budget revenue for 2013 is expected to make up almost 13 trillion roubles, while expenditures will reach almost 14 trillion roubles.

The budget deficit will exceed 500 billion roubles. The GDP is expected to make up 66.5 trillion roubles, with the 5.5% rate of inflation. The budget for 2013 through 2015 has been drawn up with due regard for the new rules for the use of oil and gas money.

Voice of Russia, TASS

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