The State Duma has allowed the Government to adopt the budget deficit.

SyuzhetyIzmeneniya in the budget for 2009-2011 gody19.03.2009Pravitelstvo Russian Federation has approved the adjusted budget for 2009 godKommentarii (Anti) byudzhet20.03.2009Vpervye a crisis in eight years the Russian government approved a deficit byudzhetGosduma adopted amendments to the Budget Code, which requires the Government of Russia for the budget deficit in the years 2009-2011, reported RIA Novosti.
In particular, the amendment provides that, prior to 1 January 2013 suspended the rules to limit the amount of the budget deficit of one percent of projected GDP. Also, the document is permitted to use the contingency fund to ensure a balanced budget in the amount authorized by law on the budget.
In addition, if the fall neneftegazovyh revenues by more than 15 percent of planned targets over the Government would be able to put before the State Duma, the removal of the three-year budget and maintaining the budget only for the current year.
Recall that now the government of Russia is preparing to make the Duma a draft amended budget for 2009 approved by Cabinet on 19 March.
For the first time in eight years, the Government approved a deficit budget - the deficit will be 7.4 percent of GDP. In the first version of the budget for 2009, adopted in 2008, planned a small surplus. Revision of the financial instrument has been caused by the impact of the global financial crisis. In 2010 and 2011 budget deficit will also be - 5 and 3 percent respectively.
In 2009, the budget deficit will be about 3 trillion rubles. Cover it planned from the contingency fund (4.87 trillion rubles on March 1). Only in the first quarter of 2009 for these purposes will be allocated 1.6 trillion rubles. Additional budget expenditures to implement anti-crisis program will be 1.6 trillion rubles.
Russia's budget deficit will be met from the contingency fund until the middle of 2011, as well as through borrowing, possibly in the domestic market.
The government also temporarily waived the budget planning for three years - the budgets of the 2010 th and 2011's were considered invalid. Recall that Russia has moved to a three-year budget planning in 2007, when it was first approved by the Budget for 2008-2010.
C 2008, the structure of budget revenues has been divided into oil and gas revenues and neneftegazovye. The Ministry of Finance expects the reduction of oil revenue to 56.16 percent from the previously planned in 2009.