Subsidies to Bashkortostan budget for 2015 increase by more than 7 billion rubles

UFA, 19 November 2014. /Bashinform News Agency, Arina Rakhimkulova/. It is planned to increase the volume of subsidies to the budget of Bashkortostan for 2015 by 7 billion 107 million rubles. Thus, the funds for leveling the budget supply are increased by 4.8 billion rubles. The regional budget receives additional funds in the amount of 2.2 billion rubles to increase wages. This was reported by the Finance Minister RB Rida Subkhankulova at a meeting of the Committee on Budget, Tax, Investment Policy and Territorial Development of the State Assembly of Bashkortostan.

“It is planned to direct these funds primarily to compensate for the additional costs of wages raising in the public sector in 2015. We will also direct 2.5 billion rubles for compensation of shortfall in budget revenues due to planned changes in tax legislation in the volume of almost 4 billion rubles”, Rida Subkhankulova explained.

In addition, according to the Minister, it is offered to increase spending by 635 million rubles. Thus, 350 million rubles will be allocated to co-finance the spending of local importance to preserve the stability of municipal budgets.