MOSCOW, July 13 Russian President Vladimir Putin signed a law that extends until October 1 the deadline for submitting the draft federal budget for 2025-2027 to the State Duma, and also involves writing off two-thirds of the regions' debt on budget loans. The document is posted on the website of the official publication of legal acts.
This year, the law postpones the deadline for the government to submit a draft three-year budget to the State Duma from September 15 to October 1. This is due to changes being made to the Tax Code in order to improve the tax system. The law also provides for the write-off of two-thirds of the regions' debt on budget loans. 
The term of state co-financing under the long-term savings program for citizens is increased from 3 to 10 years. In order to provide state support for the formation of long-term savings, the federal budget may be provided with inter-budget transfers from the budget of the Social Fund of the Russian Federation.
In addition, the law provides for the allocation to the federal budget of additional revenues arising in connection with the introduction of a five-step progressive scale of personal income tax and excise taxes on nicotine raw materials, on a tobacco-free nicotine-containing mixture for heating and on the pharmaceutical substance of ethyl alcohol. And all revenues from the tourism tax, which is planned to be introduced from 2025, will be transferred to local budgets. 
< br />Excise tax revenues on natural gas for ammonia production will be distributed between the federal and regional budgets in the proportion of 83% and 17%. The same standard for the distribution of income between the center and the constituent entities of the Russian Federation remains in relation to additional income received in connection with the planned increase in mineral extraction tax rates on potassium salts, iron ore, apatite-nepheline, apatite and phosphorite ores.
And from 2025, municipalities are given the right to direct savings from interbudgetary transfers based on the results of procurement to finance municipal programs within the framework of national projects. Changes are also being made to limit the annual amount of expenses of constituent entities of the Russian Federation and municipalities for the fulfillment of concession obligations. These restrictions will not apply to concession agreements concluded before 2025.
The law comes into force on the date of its official publication, with the exception of some provisions for which other deadlines are established.