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Russia's lower house passes 2007 budget

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Russia's lower house has passed the 2007 budget in the final, fourth reading. With 226 votes required, 348 parliamentarians backed the document, and 91 voted against it.
MOSCOW, November 24 (RIA Novosti) - Russia's lower house has passed the 2007 budget in the final, fourth reading.

With 226 votes required, 348 parliamentarians backed the document, and 91 voted against it.

Under the new budget, revenues are expected at 6,965.3 billion rubles ($262 billion), and spending is set at 5,463.5 billion rubles ($206 billion). That will put the budget surplus at 1,502 billion rubles ($56.54 billion).

GDP will be 31.22 trillion rubles ($1.17 trillion), and inflation is expected to be 6.5-8%. The average annual ruble rate against the dollar is expected to be 26.50 rubles to the dollar, and the oil price is forecast at $61 per barrel.

The government also intends to allocate extra resources to the Federal targeted program for Russian civil aviation development until 2015.

A total of 2.8 million ($105,000) rubles has been earmarked from the budget to support former president Boris Yeltsin, who resigned in 2000.

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