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Amendment to Article 51 of the Budget Code

February 14, 2024

The President signed Federal Law On Amendment to Article 51 of the Budget Code of the Russian Federation.

The Federal Law aims to improve Russian budget laws in terms of clarifying the sources of non-tax federal budget revenues in view of the adoption of Federal Law No. 619-FZ of December 19, 2023, On Amendment to Article 43 of the Russian Federation Law On Subsoil.

In accordance with the Federal Law, non-tax federal budget revenues are to be generated, inter alia, through regular payments, at a rate of 100 percent, for the use of subsoil when using subsoil outside the territory of the Russian Federation.

February 14, 2024