The regions of the Russian Federation in 2016 will receive from the Federal budget, 53 billion roubles

The regions of the Russian Federation in 2016 will receive from the Federal budget, 53 billion roubles


Deputy Minister of Finance Leonid Gornin at a meeting of the state Duma Committee on budget and taxes noted that the region will receive from the Federal budget, 53 billion rubles compensation for lost income, for income tax due to the change in taxation of the oil and gas industry.

MOSCOW, 7 Nov. Russian regions in 2016 will receive from the Federal budget, 53 billion rubles compensation for lost income, for income tax due to the change in taxation of the oil and gas industry, said Deputy Finance Minister Leonid Gornin at a meeting of the state Duma Committee on budget and taxes.

“In order to balance the budgets of constituent entities of the Russian Federation we provide subsidies in support of measures to balance that should be aimed at compensation of lost income tax on profit of organizations in connection with a change in the taxation of the oil and gas industry in the amount of 53 billion rubles”, — he said.

The Deputy Minister noted that the second reading of the draft law on the Federal budget for 2016 will need to take an “informed decision” on the tripartite group on the definition of the methodology of determining equalization grants by the dropping-out income tax profit for the subjects of the Russian Federation.

“It is clear that this technique will be based not only on the direct account for the dropping-out income, it is mainly the subjects of the Russian Federation, which are GRP sufficiently large volume for oil and gas industry”, — said the Gornin.

In his opinion, that “the distribution should be more harmoniously and in their focus to take not only these actors who have a resource-based economy in the whole of the territory concerned”.