Kostroma authorities brought in the regional Duma the draft budget for 2016

Kostroma authorities brought in the regional Duma the draft budget for 2016


The draft budget of the Kostroma region in 2016 submitted by the regional administration to the regional Duma, assumes revenues in the amount to 19.19 billion rubles and expenditures in the amount equal to 19.71 billion, according to a press release from the regional government.

MOSCOW, Nov 17. The draft budget of the Kostroma region in 2016 submitted by the regional administration to the regional Duma, assumes revenues in the amount to 19.19 billion rubles and expenditures in the amount equal to 19.71 billion, according to a press release from the regional government.

“The main objective of fiscal policy next year will be to ensure sustainable economic development and maintaining social stability in the region. Budget revenues are projected at $ to 19.19 billion rubles, of which tax and non-tax revenues will amount 13,66 billion. Budget expenditures are planned in the amount equal to 19.71 billion rubles”, — stated in the message.

As noted in the regional government, the document, which was presented in the regional Duma, the Deputy Governor of the Kostroma region Ivan Korsun, “based on conservative estimates, which ensures the stability of the budget system of the region in the unstable phase of economic development”.

“The limit of the revenue budget requires increased efficiency of use of budgetary funds and consolidation of financial resources for implementation of the priorities of regional development. The budget remains socially oriented. On social sectors account for over 63% of all budget expenditures,” said Korsun.

According to the regional government, the main financial document of next year will be the first budget, formed in a software format. 2016 22 provides for the implementation of government programmes in key sectors of the economy and social sphere. The expenditure priorities include implementation of the may decrees of the President of Russia. In the region will continue implementation of measures on import substitution, will continue to support the industrial sector and the agricultural sector. In 2016 do not plan to borrow to cover the deficit that will stabilize the debt burden on the regional budget.

“Before the deputies of Kostroma regional Duma has an important task — to promptly consider and pass the law. We are ready to carefully analyze all proposals and, where necessary, to clarify certain direction to accomplish the tasks we set for ourselves,” he brought in a press-service of the word of Korsun.

Other regional news read here >>