MOSCOW, December 20 (RAPSI) – President Vladimir Putin has signed a bill on federal budget for 2017 and 2018-2019 into law, according to the Kremlin’s official website.

The federal budget was adopted by the State Duma on December 9 and approved by the Federation Council on December 14.

According to the document, income in 2017 will amount to 13,488 trillion rubles ($218 bln), 14,029 trillion in 2018 ($227 bln) and 14,845 trillion ($240 bln) in 2019. Expenses will amount to 16,241 trillion rubles ($263 bln) in 2017, 16,04 trillion ($260 billion) in 2018, 15,987 trillion ($258 bln) in 2019.

Deficit of budget in 2017 will amount to 2,753 trillion rubles ($44.5 bln), 2,011 trillion rubles ($32.5 bln) in 2018, 1,142 trillion rubles ($18.5 bln) in 2019.

Oil price is expected to amount to 40$ a barrel, while ruble/dollar ratio is expected to amount to 67.5 rubles per dollar.