State Duma approves federal budget for 2024–2026

MOSCOW, Nov 17 (PRIME) -- The State Duma, Russian parliament’s lower house, has on Friday approved a low on the federal budget for 2024 and 2025–2026.

According to the law, revenue will amount to 35 trillion rubles in 2024, 33.6 trillion rubles in 2025, and 34.1 trillion rubles in 2026, while spending should reach 36.6 trillion rubles next year, 34.4 trillion rubles in 2025, and 35.6 trillion rubles in 2026.

Budget deficit will stand at 0.9% of gross domestic product (GDP) in 2024, 0.4% of GDP in 2025, and at 0.8% of GDP in 2026.

(88.9466 rubles – U.S. $1)

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