Reference
The document has been developed by the Ministry of Finance.
Federal Law No 268-FZ of December 25, 2012 introduces amendments to the Budget Code replacing the term “oil and gas transfer” with the term “additional oil and gas incomes of the federal budget”, drops the statutes determining the order of calculating oil and gas transfers and introduces amendments to the statutes establishing the procedure of channelling funds to the Reserve Fund and the National Wellbeing Fund.
The document is aimed at creating the mechanism of accounts, and the transfer and use of the additional oil and gas incomes of the federal budget in conformity with the Budget Code with the account of amendments introduced by the aforementioned federal law.