Rustem Khamitov has met with members of Federation Council and State Duma RF from Bashkortostan Republic

UFA, 28 August 2015. /Bashinform News Agency, Iliya Spiridonov/. On August 27, at the Congress Hall the Head of Bashkortostan Rustem Khamitov met with members of the Federation Council and the State Duma of the Federal Assembly RF of the VI convocation from the Republic of Bashkortostan.

During the meeting they discussed issues of socio-economic development of the region, increase of its investment attractiveness, improvement of civil society institutions and implementation of import substitution program.

The Head of the Republic said that tax and non-tax revenues exceeded target figures by 10 percent. This was largely due to the fact that the Government of Bashkortostan individually worked with major taxpayers. But the important role was played by fluctuations of the ruble against dollar, which allowed exporters obtaining additional revenues.

“It can be said that over the past few years we have significantly increased in terms of investments. Even today, amid declining nationwide indicators we have plus 4.5 percent. It's not bad. I hope that we will complete successfully the year of 2015 and fulfill the plan for investments”, said Rustem Khamitov.

The Head of the Region stated that Bashkortostan reached the first place in the Volga Federal District in terms of commissioned housing. However, in the republic, as well as in other regions of the district, wholesale and retail trade volumes decreased by nearly 20 percent.

“It testifies to the fact that people limited their spending: some of them due to fear of decrease in revenues in the future, and others - simply because of no money”, underlined Rustem Khamitov. “Thus we have rather mixed picture. On the one hand, there is a confidence that we will finish the year normally. We have budget reserves, there are some funds. So there is no doubt that we will cope with payment of wages, implementation of presidential decrees. On the other hand, the current economic upheavals observed in our country, certainly did not spare us to. It could not have been otherwise. So, we will work on mitigating these effects.”