On July 24, speaking at the republican meeting of financial, treasury and tax authorities held by Tatarstan President Rustam Minnikhanov with participation of all municipalities at the Government House of the republic, Minister of Finance of the republic Radik Gaizatullin reported on the results of the execution of the regional consolidated budget in the first half of 2020 and tasks of the financial agencies of the republic for 2020.
On July 20, at the Government House of the republic, Tatarstan President Rustam Minnikhanov chaired a regular board meeting of Tatneft Oil Company, to sum up the results of the company's budget execution for the first half of the current year and to approve budget amounts for August of 2020.
On July 16, at the Government House of the republic, Tatarstan President Rustam Minnikhanov, Tatarstan State Counsellor, Hero of Labour of Russia Mintimer Shaimiev, Prime Minister of the republic Alexey Pesoshin and members of the regional government took part in the eleventh meeting of the regional State Council held by Chairman of the State Council of the republic Farid Mukhametshin.
The deputies removed from the agenda the consideration of the bill, which was proposed to make changes to the republican budget of the current year, at the 11th meeting of the State Council of Tatarstan. It provided for the abolition of the indexation of wages of government employees of the republic, scheduled from October 2020.
According to the preliminary assessment, the implementation of the main indicators of the federal budget for January - June 2020 was:
The deputies of the State Council proposed to suspend the indexation of salaries of civil servants in 2020 due to the expected reduction in revenues to the budget of the republic. The bill on amendments to the republican budget law will be considered at the next meeting of the State Council. This decision was made today at a meeting of the Committee on Budget, Taxes and Finance. In addition, members of the relevant committee discussed issues of extending the validity of some tax benefits.
Gold production in Russia in January-April 2020 amounted to 81.27 tons (in January-April 2019 - 78.29 tons), including:
The expected volume of forgone oil and gas revenues of the federal budget (connected with excess base price for oil over the factual price) is forecasted in the amount of 47.8 billion rubl in July 2020.
The average price for Urals oil in January-June 2020 amounted to $39,68 per barrel, in January-June 2019 – $65,63 per barrel.
The Government of the Russian Federation is working towards increasing transparency and effectiveness of use inter-budgetary transfers, and accelerating delivery of funds to the regions, since 2019. As a result, 94 per cent of the total number of inter-budgetary transfers were allocated in late 2019 in the budget law. The agreements had been entered into prior to the launch of the Year for the timely execution of expenditures by the regions: majority of them – 99,7 per cent of the total amount on subsidies and about 80% on other inter-budgetary transfers.