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. Last Updated: 07/27/2016

Duma Budget Chief Sees 2001 Draft Passing

Russia's State Duma, the lower house of parliament, is likely to pass the 2001 draft budget in a third reading Friday, Interfax quoted the head of the Duma's budget committee as saying Thursday.

Alexander Zhukov said there could be some long and heated debates and many proposed amendments would be rejected. "But the necessity of adopting the budget will prevail over the personal interests of the deputies," he added.

The 2001 draft, which has to go through four readings in the Duma and be approved by the Federation Council upper chamber, would be Russia's first post-Soviet balanced budget.

It calls for revenue and spending of 1.194 trillion roubles ($39.8 billion at the projected average exchange rate for the year of 30 roubles per dollar).

The government wants the budget passed and signed into law before the start of the year.

Deputy Prime Minister Alexei Kudrin was expected to attend Friday's Duma session.