Poltavchenko: the goal for 2016 is to increase the income and minimise the budget deficit of the city

Poltavchenko: the goal for 2016 is to increase the income and minimise the budget deficit of the city

ST. PETERSBURG, on December 28. The Governor of St. Petersburg Georgy Poltavchenko has stated that one of the main tasks of the city authorities by 2016 increase revenue and minimize the budget deficit of the region. He said this in an interview with news agencies.

“The goal for 2016 is to “grow up” the revenue budget by a couple percent. We will make every effort to minimize the budget deficit. We will try not to borrow and to save. In the spring budget adjustment once again carefully analyze the costs in light of economic realities,” – said Poltavchenko. He stressed that he expects developed programs for import substitution and the development of its own production, which “will help to further improve the level of diversification of the economy of St. Petersburg.”

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The government of St. Petersburg agreed on the draft budget for 2016 with a deficit of 50.6 bn RUB.

“And hope to maintain the momentum that we have been able to make relationships between government and business in 2015”, – said the Governor. He stressed that in 2016 the government will waive capital costs not included in the address investment program of St. Petersburg “and will bring to mind” the objects in the AIP.

In General, the Governor noted that “not inclined to exaggerate our future success”. “But the end of 2015 gives reason to look to the future with a certain degree of modest optimism. This means that our starting position in 2016 will be slightly better than we expected,” said Poltavchenko. He also noted that as of 1 January 2016 the public debt of St. Petersburg will again be one of the lowest among subjects of the Russian Federation – the order of 3,65% of the level of actual earnings, even less than as at 1 January 2015 (3.7 per cent).

According to the 2016 budget of St. Petersburg, earnings will be 432,9 billion rubles, the expenses – to 491.5 billion rubles, the deficit – 58,6 bln. rubles. The most significant amounts of funding in 2016 is provided for the development of education 106 billion (21.6% of the costs), the transport system 99 billion (20.1%), health 75,5 billion (15.4 per cent), social support of citizens 57.9 billion (11.8 per cent) and the provision of affordable housing and housing and communal services of St. Petersburg residents was 31.7 billion (6.4 per cent).