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Amendments to law on 2018 federal budget and 2019−2020 budget plan

July 3, 2018

Vladimir Putin signed Federal Law On Amendments to the Federal Law on the 2018 Federal Budget and the 2019–2020 Budget Plan.

The Federal Law was drafted taking into consideration the results of the federal budget’s execution in the first four months of 2018, and was also based on the projected results of the socioeconomic development of the Russian Federation as well as the execution of the 2018 federal budget.

In accordance with the federal law, the federal budget is expected to generate 17,072.9 billion rubles in total revenue, which exceeds the projections factored into the Federal Law On the 2018 Federal Budget and the 2019–2020 Budget Plan by 1,815.1 billion rubles.

July 3, 2018