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The President signed Federal Law On the Federal Budget for 2016.
The Federal Law sets the parameters of the 2016 federal budget.
The main characteristics of the 2016 federal budget were established based on the predicted gross domestic product of 78,673 billion rubles and inflation rate of no more than 6.4 percent. The overall federal budget revenue is predicted at 13,738.5 billion rubles, and total spending – at 16,098.7 billion rubles. The federal budget deficit is set at 2,360.2 billion rubles.
December 15, 2015