Ufa budget deficit will amount to 916 million rubles in 2014

Revenues of Ufa in 2014 will amount to 15,982 billion rubles, expenditures – to 16,898 billion rubles, deficit - 916 million rubles. This forecast was made public at the regular meeting of the City Council of Ufa on Wednesday, November 20. The draft budget was developed by the financial department of the city administration .

The meeting scheduled date and place of the public hearing on the draft city budget for 2014 and the planning period of 2015-2016. It is expected that revenues of the city will increase to 16,755 and 17,105 billion rubles, respectively, in 2015 and 2016. The deficit will be reduced significantly: in 2015 it should amount to 400 million rubles, in 2016 – to 280 million rubles.

The Ufa budget for the current year was also revised. It was connected with allocation of additional funds to the city in the sum of 1.153 billion rubles from the republican budget for the construction of flood-control dams in Sipaylovo district, as well as for the reconstruction of the "Neftyanik" stadium and other activities. The changes will affect and the city expenditures, due to the increase in salaries of employees of state and local government agencies.