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The growth of the dollar led to additional revenues to the budget of the Sakhalin Oblast
According to the Minister of Finance of the Sakhalin region, in 2014 the Sakhalin Oblast budget was executed with a surplus of 11,4%, Interfax reports.
The region's revenues last year amounted to 143,5 billion rubles, which is 4% more than the planned figure for the year. Expenditures of the Sakhalin Oblast amounted to 92% of annual allocations or 127,1 billion rubles. Thus, the budget surplus amounted to 16,4 billion rubles.
“The main driver of income growth was the dollar exchange rate in the fourth quarter of 2014. This led to additional revenues in the form of a share of profitable products under PSA projects and income tax from Russian participants in the Sakhalin-1 project, since these payments are settled in dollars. ", - explained Tatyana Karpova.