In the third reading, the State Duma adopted the law on the 2024 federal budget and the planning period 2025-2026. This has been reported Online The lower house of the Russian parliament.
“Revenue in 2024 will be 35 trillion rubles, 33.5 trillion rubles in 2025 and 34.1 trillion rubles in 2026,” the State Duma explains in its statement.
It is planned that the budget deficit will not exceed 1 percent of the country’s GDP in the entire three-year period.
The main sources of financing the deficit in the 2024-2026 period will be government borrowing and funds from the National Welfare Fund (NWF). Funds in the amount of 1.3 trillion rubles will be used from the National Welfare Fund to balance the budget in 2024.
The adopted draft also states that funding will be increased for eight government programs aimed at developing science, industry and technology in 2024.
According to the forecast of State Duma Speaker Vyacheslav Volodin, budget revenues will increase by almost 29% in 2024. Moreover, no more than 2/3 of them will be dependent on oil and natural gas.
Duma of 16 November accepted Law on increasing the minimum wage in 2024
Previously Deripaska said About the possible future of the Russian economy in five years.