Russia's 2019-2021 draft federal budget approved in first reading

Russia's 2019-2021 draft federal budget approved in first reading

The Russian State Duma approved draft federal budget for 2019 and the planned period of 2020-2021 in the first reading, presented by the Russian government.

According to the draft document, the budget revenues in 2019 will amount to 19.969 trillion rubles ($304.81 billion), in 2020 - 20.219 trillion rubles ($308.52 billion), in 2021 - 20.978 trillion rubles ($320.1 billion).

Expenditures in 2019 are planned in the amount of 18.037 trillion rubles ($275.32 billion), in 2020 - 18.994 trillion rubles ($289.83 billion), in 2021 - 20.026 trillion rubles ($305.69 billion), TASS reported.

The budget surplus next year will be 1.932 trillion rubles ($29.49 billion), in 2020 - 1.224 trillion rubles ($18.68 billion), in 2021 - 952 billion rubles ($14.53 billion).

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