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Regional revenues increased in the first half of 2021

Regional revenues increased in the first half of 2021

Regional budgets increased revenues in the first half of 2021 to 6,699 trillion rubles. This is 19% more than in the same period in 2020.

According to "Merchant”, The operational data of the Single portal of the budgetary system of the Russian Federation were analyzed by ACRA experts. Compared to 2019, the growth is even greater - 22%.

Separately, tax and non-tax revenues, without injections from the federal budget, increased by 24% and amounted to 5,205 trillion rubles. Growth was observed in 82 out of 85 regions. This mainly affected the territories where metallurgy is developed - due to the rise in metal prices.

Income tax showed a tangible growth - 31%. In contrast, during the pandemic, his fees fell by 14%. The amount of personal income tax increased by another 19%, despite the fact that in 2020 its fees remained at the same level. Property tax revenue rose 13% after falling 7% in the first half of 2020. This made it possible to create a budget surplus of 389 billion rubles, against last year's deficit of 249 billion rubles.

If last year, due to the pandemic, federal transfers to the regions increased by 54% (to 3,8 trillion rubles), then in the first half of the year they grew by only 2% - to 1,494 trillion rubles.

Regional expenditures grew less than revenues: by only 7% compared to the first half of 2020. Only nine regions managed to cut budget spending. Among them, one of the highest rates of cost reduction was shown by the Sakhalin Region, where they managed to save 6%. Another Far Eastern region, on the contrary, has become the leader in increasing spending. The Amur Region has increased budget expenditures by 29%.

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