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The EAO government approved the draft law on the regional budget for 2015 and the planning period of 2016-2017 years

At a meeting of the government of the Jewish Autonomous Region, the draft of the main financial document of the region was approved. After a long stage of formation and approval, taking into account all areas of activity of the executive authorities of the constituent entity of the federation, related to their powers, discussion and adoption of the draft regional law on the budget for a three-year perspective entered the final stage. According to the first deputy head of the financial department Elena Borodavko, the new document was formed on the basis of the forecast of the socio-economic development of the Russian Federation and the Jewish Autonomous Region, the main directions of budgetary and tax policy and was prepared in accordance with the requirements of the Budget Code of the Russian Federation and the Law of the Jewish Autonomous Region of 31 October 2012 № 158-OZ "On the budgetary process in the Jewish Autonomous Region".

The draft of the new law contains indicators of the regional budget for 2015 year and the planning period of 2016-2017. E. Borodavko drew the attention of the meeting participants to the fact that the main characteristics of the regional budget for the period under review, compared with the previously approved EAO law on the budget adopted in 2013, have changed somewhat. In 2015, revenues will be increased by more than 205 million rubles due to an increase in the forecast of tax and non-tax revenues. But in the 2016 year they will decrease because of the alleged reduction in the gratuitous receipts to the regional budget from the federal budget. Expenses in 2015 year will increase by 422,8 million rubles, in 2016 year they will decrease by more than 370 million. The total amount of expenses in 2015 will be about 9,3 billion rubles. The budget deficit for the next year is determined within 758,4 million rubles or 14,9%.

When forming the tax and non-tax revenues of the regional budget for the planned period, provisions of the main directions of the tax policy of the Russian Federation were taken into account, as well as the expected changes in tax and budget legislation in connection with the adopted normative legal acts that come into effect on January 1 2015. The revenues of the regional budget, taking into account gratuitous receipts from the federal budget in 2015, are projected at a rate of 8, 5 billion rubles, compared to the estimate of 2014, this is 451 million rubles less. The revenue part of the budget will be replenished by tax and non-tax revenues, as well as subsidies from the federal budget. Elena Borodavko noted that the share of tax revenues of the entity increases annually and thus reduces its subsidies and dependence on the federal budget.

The formation of the volume and structure of expenditures of the regional budget for 2015-2017 years was carried out on the basis of determining the basic budget allocations for this period. Previous decisions were taken to increase wages to certain categories of state employees, changes in the powers of executive bodies of state power, expenditures on the implementation of state programs in the Jewish Autonomous Region, the volume of public obligations of a subject, social payments, including the established measures of state support for citizens. Financing of the latter is provided in the amount of about 1,3 billion rubles. Funds have been kept for local budgets to address critical local issues. These areas, as well as health care, have the largest share in the regional budget expenditure structure.

The deficit of the regional budget for 2015 year will be more than 700 million rubles, in 2016 year it will increase, and in 2017 year it will decrease somewhat. To implement the budget, it is planned, as before, to attract credit funds to cover the deficit of the regional budget.

As vice-governor Gennady Antonov, who chaired the meeting of the regional government, noted, "there is a very tense budget period of 2015-2017 ahead, this is due to the fact that budget expenditures are ahead of revenues, which are increasing, but slowly." The vice-governor stressed that the authorities will have to exercise their powers within the available funds, saving them and optimizing costs. And this situation, in general, is not much different from the all-Russian one, today every subject of the federation lives in such conditions, and they are in one way or another connected with the situation in the world. But in connection with the optimistic forecast for the development of the region, associated with the implementation of large and other investment projects in the Jewish Autonomous Region, there is hope that the economy of the subject of the federation will become more stable in the coming years. A serious basis is being created for this, and the efforts of the authorities are directed at this.

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