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The budget of Chukotka grew due to its replenishment with new tax revenues

The press service of the Government of Chukotka reported on making adjustments to the budget of the Chukotka Autonomous Okrug as of the end of the year 2014. The expenditure part of the budget was increased by 960 million rubles, while the revenue part was increased by 1 billion and amounted to 23,15 billion rubles.

This state of affairs is due to the fact that in the current year the regional budget received much more funds for a number of tax revenues, the main item of which is mining. At the same time, the amount of funds from the federal budget and the State Corporation “Fund for Assistance to Reforming Housing and Communal Services” was increased.

According to Andrei Mingazov, the head of the department of finance, economy and property relations of the region, due to the positive trend of the government of the region, it is planned to refinance the public debt by attracting a budgetary loan of 3,9 billion rubles with an annual rate of 0,1. As a result of this transaction, other loans with a higher rate will be repaid.

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