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The first three-year budget of Yakutia adopted in first reading

During the next plenary meeting 26 November, the deputies of the State Assembly of Yakutia adopted in the first reading the budget for 2015 year and the planning period up to 2017 year, reports YASIA.

“In order to ensure the stability of the budget system, the draft law has been developed for three years. One of the main priorities in this period is the social orientation of the budget policy being pursued, ”said the Minister of Finance of the republic Valery Zhondorov, presenting the bill to the deputies.

The head of the Ministry of Finance announced a number of features of the main financial document, for the first time adopted for a three-year period. Taking into account the excess of the growth rate of expenditures over revenues and based on the available sources of financing the deficit, the government decided to cut programmed operating expenditures in comparison with the parameters adopted by the medium-term financial plan: 2015 - by an average of 3%, 2016 - 5%, 2017 6%. In addition, at the level of the current year will remain the costs allocated to pay for works and services, the acquisition of material stocks.

Taking into account the expected changes in the tax and budget legislation and the forecast of the social and economic development of the republic, the total revenue of the state budget of Yakutia in 2015 will be 140,3 billion rubles, in 2016 - 2017 - in the amount of 138,8 billion rubles and 138,9 billion rubles, respectively.

“Revenues in 2015 are planned with a decrease from the updated forecast for 2014 by 10 billion rubles. At the same time, it should be noted that during the financial year there is a redistribution of subsidies and subventions from the federal budget, in connection with which gratuitous receipts will be updated throughout the entire financial year, ”Zhondorov said.

The total volume of budget expenditures for 2015 is set at 151 billion rubles, in 2016 - 2017 - 148,1 billion and 147,5 billion rubles, respectively. About 90% of the funds will be directed to the implementation of 35 state programs. The budget deficit will amount to 2015 billion rubles in 10,7, in 2016 - 2017 - 9,3 billion and 8,5 billion rubles.

"In accordance with the prepared basic parameters, it is planned to increase the volume of public debt to 46,5% of the volume of own budget revenues, by the end of 2016 - 52,5%, by the end of 2017 - 57%," the head of the Ministry of Finance informed. Let's remind that today this figure is 36%.

To cover the budget deficit and servicing of public debt in 2015, the government plans to issue government bonds for 5,5 billion rubles, raise loans in the amount of 2 billion rubles, and sell shares held by the republic by almost 5,9 billion rubles.

After discussion, the draft law was adopted by people's deputies of the republic in the first reading. In the second reading mode, five conciliation commissions will work in the main directions in accordance with the structure of the state budget of the republic.

According to the chairman of the parliamentary committee on budget, finance, tax and pricing policy, property and privatization issues, Yuriy Nikolayev, comments and proposals to this bill will be accepted until December 5.

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