Wednesday, September 8, 2010

Alexey Kudrin: 62 RF subjects completed in 2009 with budget deficit

Wednesday, March 24, 2010, 20:25
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In 2009, the total deficit budgets of all subjects of the Russian Federation amounted to 330 billion, said Vice-Premier and Finance Minister Alexei Kudrin at a meeting of the Presidium of the Government on February 4. According to him, in 2008, the budget deficit was recorded for 44 subjects of RF, and in 2009 with a budget deficit already finished 62 RF subject.

total support from the federal budget last year totaled 1.5 trillion rubles, compared with 2008 it was increased to 400 billion rubles.

“This deficit is covered by credit support. In addition, we gave a half trillion, regions in the credit market or as a loan from the Russian Federation have received this support, which is 330 billion,” - said Alexey Kudrin.

In his view, the result is all driven policy is that the costs of the budgets of subjects of Russia in 2009 remained at the level of nominal spending in 2008, “that is not failed,” - said the head of the Ministry of Finance.

Costs regions investment activities amounted to 363 billion rubles, which is 22% lower than in 2008. It was expected that the reduction was 40-50%, said Alexei Kudrin.

As a result of the undertaken measures managed to keep last year”s level costs of the RF subjects and stable operation of all budgetary institutions, all social benefits. “And as we see the results: investment fell slightly, which ensured the continuation of works in the construction complex construction of key facilities,” - he concluded.

Total revenue budgets of subjects of the Russian Federation in 2009 amounted to 5 trillion 923 billion rubles, expenses - 6 trillion 254 billion rubles.
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