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Putin approved amendments to the federal budget at 2019
The President of Russia has signed a law amending the federal budget law for 2019. According to it, treasury income will be reduced from 20,174 trillion rubles to 19,970 trillion rubles, and expenses will increase from 18,293 trillion to 18,489 trillion rubles. The budget surplus will decrease from 1,881 trillion rubles to 1,480 trillion rubles - to 1,4% of GDP.
On documentpublished on the official Internet portal of legal information, inflation for the end of this year will be 3,8%, not 4,3%, as previously forecasted. The volume of revenues from the payment of value added tax will amount to 85,212 billion rubles, which is 34,6% more than the amount previously recorded. The volume of tax revenues from hydrocarbon extraction will amount to 5,975 trillion rubles - 2,6% less than the amount previously accounted for.
The volume of revenues from mining in the implementation of production sharing agreements is estimated at 45,838 billion rubles - 5% more than the amount previously accounted for in the law. The income from customs duties will amount to 688,602 billion rubles, which is 4,9% more than the amount previously recorded.