Russian Finance Ministry to Submit Draft 2017-19 Budget in Late October

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The Russian Finance Ministry will submit a new draft of 2017-19 draft budget in late October, Minister Anton Siluanov said Friday.

MOSCOW (Sputnik) — The Russian Finance Ministry will submit to lawmakers the country's 2017-19 draft budget in late October without serious changes to tax and monetary policy, Minister Anton Siluanov said Friday.

"The Ministry of Finance will submit the budget for government consideration in the near future, while in late October it will be submitted to the State Duma [lower house of parliament] without major changes in taxation, without major changes in financial policy," Siluanov said.

Speaking at a financial forum in Moscow, Siluanov said his ministry is not proposing to raise taxes in the 2017-19 period, but continuing oil and gas sector "maneuvering."

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