Deputies vote for budget 2019 today

19 декабря 2018

Today deputies will vote for the budget for the year 2019. The new version of the Tax Code is on the agenda as well. These documents are traditionally accepted at the end of the year. The updated norms of the law will come into force on January 1.

The documents have already passed the first reading.

Without a doubt, the budget will be in surplus. The revenue will exceed costs. This difference will be directed mainly to the repayment of the country's debt obligations.

Secondly, the formation of the state treasury is based on a conservative scenario. The government took into account the modest key indicators, not relying on too optimistic forecasts of economic development. The possible compensation from Russia, for which there is still no clarity, was not taken into account in the budget.

It should be said that the social orientation of the budget was preserved.

The budget and tax code still must be approved by senators. The documents will be offered to them on Thursday. These will be the final documents on the agenda of this autumn session. It will close on December 20.