Bashkortostan Parliamentarians adopted republican budget

At a plenary session of parliament, deputies of the State Assembly - Kurultai of Bashkortostan adopted the law “On the budget of the Republic of Bashkortostan for 2024 and for the planning period of 2025 and 2026.”

The budget bill has been adjusted with an increase of 1.9 billion rubles in revenue and expenditure. The revenue plans consider changes in the projected dynamics of revenues for certain types of taxes.

The plan for excise tax revenues in 2024 has been revised with an increase of 1.5 billion rubles for personal income tax – by 2 billion rubles. At the same time, the forecast for corporate income tax in 2024 has been updated with a decrease of 2.8 billion rubles.

Data on gratuitous receipts from the federal budget have been adjusted.

“The total volume of gratuitous receipts in 2024 is estimated at more than 71 billion rubles, which is 400 million more than the initial forecast. The overall dynamics are positive: in many respects, the republic was able to defend its position, and we will receive a significant volume of transfers - somewhat more than initially planned,” Deputy Prime Minister of the Government - Minister of Finance Lira Igtisamova noted at a plenary meeting of the State Assembly.

Subsidies for housing development programs, road repairs, and school modernization have been increased. New types of grants are also provided, including to support priority areas of the agro-industrial complex, to create a care system for elderly citizens and people with disabilities, to develop charging infrastructure for electric vehicles, and to construct and reconstructing public sports facilities.

According to the budget law, Bashkortostan’s revenues for 2024 are projected at 290.9 billion rubles, and expenses are at 300.9 billion rubles. Sources fully cover the deficit of 10 billion rubles.

Author: Azat Gizzatullin