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The State Duma in the first reading adopted the federal budget for 2015-2017.
On October 24, 2014, State Duma deputies adopted in the first reading the draft federal law "On the federal budget for 2015 and for the planning period of 2016 and 2017."
The budget was formed on the basis of a conservative forecast of socio-economic development based on an oil price of $ 100 per barrel. According to the forecast, GDP growth in 2015 will amount to 1,2%, in 2016 - 2,3%, in 2017 - 3%. Inflation over the next three years is projected at 5,5%, 4,5% and 4%, respectively.
The budget deficit for years will be 431 billion, 476 billion and 541 billion rubles. The main sources of its financing will be state borrowings and proceeds from the privatization of federal property.
No additional oil and gas revenues are planned to be credited to the Reserve Fund and the National Wealth Fund. The volume of the Russian public debt, according to the Government's forecasts, will remain at a safe level in the next three years - less than 15% of GDP.
As priorities of the budgetary policy, Minister Anton Siluanov outlined support for certain regions - Crimea, Sevastopol, the Far East, import substitution, support for non-resource exports, infrastructure development, social sphere, defense and security.
Financial support of the regions, according to A. Siluanov, will continue, the revenues of regional budgets will grow by 6,7%.