MOSCOW, October 21 (RIA Novosti) - The lower...
Needing 226 votes to be adopted, 315 State Duma members voted for the draft, with 131 against. There were no abstentions. All three opposition factions voted against.
In line with the draft, the 2010 budget will run a deficit of 6.8% of GDP, or 2,937 billion rubles ($100 billion). Budget revenues were defined at 6,950 billion rubles ($238 billion), and expenditure at 9,886 billion rubles ($338 billion).
The key budget parameters were calculated proceeding from the average annual price for Urals crude at $58 per barrel.
The authorities say the budget deficit will gradually reduce: in 2011 it is planned at 4% of GDP, and at 3% of GDP in 2012.
The draft has already been approved by the government.
The Russian finance minister said on Wednesday, citing a revised forecast, that 2009 budget revenues would go down 25% on 2008.
"Compared to last year, the revenues will reduce by 25%," Alexei Kudrin said during the first reading of the 2010 budget,
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