Putin approved the Federal budget for 2017-2019

Support of the regions

The budget includes the allocation of certain types of subsidies to the regions in 2017 in order to balance the budget. According to this allocation, the Crimea will receive an additional 18,653 billion rubles, Sevastopol - 5,165 billion. The third recipient of such a grant next year will be Chechnya - the amount of subsidies will make 16,406 billion rubles.

The amount of budget loans to the regions in 2017 and 2018 is to be doubled to 200 billion rubles per year. Appropriations for the budgetary credits to the subjects of the Russian Federation in 2019 will remain at the level of 50 billion rubles. The loans will be granted for up to five years.

Support of agro-industrial complex

The budget provides additional subsidies to credit institutions on compensation of shortfall of their revenues from loans granted to companies working in the field of agriculture, 16,170 billion rubles in 2017, 12,652 billion rubles in 2018, 12,342 billion rubles in 2019. To support agro-industrial complex additional 10,638 billion rubles is allocated, including 5 billion rubles in 2017 that laid down for the recapitalization of Rossekhozbank.

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