Date: 9 months ago   Category: Economy

The government has approved reduction of the extreme extent of deficiency of the Russian subjects — Rambler News Service


The Government of the Russian Federation has approved drafts of the federal laws providing reduction of the extreme extent of deficiency of budgets of subjects of the country from 15% to 10%. Such decision has been made at a meeting on Thursday, October 4, the press service of the Cabinet of Ministers has reported. Bills provide introduction of a concept of a uniform subvention to budgets of the Russian subjects and a possibility of granting new interbudgetary transfers which in the Cabinet of Ministers also call "horizontal" subsidies. Changes are offered to be made to the Budgetary code and a number of the existing separate acts. The government has also charged to the Deputy Prime Minister of Russia, to the Minister of Finance Anton Siluanov, the vice-president of the government, the chief of staff of the government Konstantin Chuychenko, the vice-president of the government Vitaly Mutko to handle an issue of compensation mechanism to budgets of the Russian subjects of loss of income.

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