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Events

Changes to the 2014 federal budget and 2015–2016 budget plan

Vladimir Putin signed Federal Law On Amendments to the Federal Law On the 2014 Federal Budget and the 2015–2016 Budget Plan.

June 30, 2014
15:00

The Federal Law makes amendments to the Federal Law No 349-FZ of December 2, 2013 On the 2014 Federal Budget and the 2015–2016 Budget Plan. The amendments clarify the budget parameters approved for 2014, based on the federal budget’s execution over January-April 2014 and updated forecasts for Russia’s socioeconomic development over 2014.

The 2014 federal budget’s main outlines were defined on the basis of forecast GDP of 71.493 trillion rubles [more than $2.1 trillion]. Forecast overall federal budget revenue comes to 14.238 trillion rubles (an increase of 668.3 billion rubles compared to the earlier forecast). This includes forecast additional oil and gas revenue of 1.567 trillion rubles (up 952.1 billion rubles on the earlier forecast). The federal budget’s surplus has been set at 278.6 billion rubles.

Topics

  • Economy and finance

Publication status

Published in sections: News, Documents

Publication date: June 30, 2014, 15:00

Direct link: en.kremlin.ru/d/46096

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Official Website of the President of Russia:

Changes to the 2014 federal budget and 2015–2016 budget plan

http://en.kremlin.ru/events/president/news/46096

Last updated at March 20, 2015, 17:59

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