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Law on 2014 federal budget execution signed

October 6, 2015

Vladimir Putin signed Federal Law On Execution of the 2014 Federal Budget.

The Federal Law provides for approval of a report on the 2014 federal budget execution.

The 2014 budget was actually executed with 14,496.9 billion ruble in revenue, 14,831.6 billion rubles in spending, and a deficit of 334.7 billion ruble, which is 0.5 percent of the GDP (the same level as in 2013).

Inflation reached 11.4 percent, which is 6.4 percent above plan.

The non-oil-and-gas deficit amounted to 10.9 percent of the GDP, adding 0.5 percent of the GDP as compared to 2013, while in monetary form it grew by 911.5 billion rubles.

October 6, 2015