State Council approved 2012 budget execution report

The State Council of Tatarstan has reviewed and approved the draft national law "On the Budget of the Republic of Tatarstan for 2012" in the first and third reading.  The speaker on the issue was the Minister of Finance of Tatarstan Radik Gaizatullin. According to the head of the republican Ministry of Finance, the revenue side of the budget of the Republic of Tatarstan was executed in the amount of 177.2 billion rubles, including mobilized tax and non-tax revenues - 127.9 billion rubles. In its own tax revenue is the most voluminous income tax, which was received in the amount of 59.5 billion rubles.

The State Council of Tatarstan has at a today’s meeting passed in three readings a draft law On Republic of Tatarstan budget performance.

The MPs heard a report delivered by finance minister, Radik Gaizatullin, related committee’s chairman, Murad Gadelshin, and Tatarstan Audit Chamber chairman, Alexei Demidov, on budget performance in 2012. Profits totalled 177,192,252,700 roubles, expenditure 182,433,147,100 roubles.

Proceeds to the tax-generated part of the consolidated budget in 2012 were 210.7 billion roubles including 162.7 billion in tax and non-tax revenue. The bulk of the tax-generated part was made of profit tax proceeds.

Uncompensated budget proceeds in 2012 were 49.3 billion roubles, including 48.3 billion from the federal budget and Housing Reform Fund. The federal fudns are target and have been disbursed as designed.

About one third of the allocations in the National Economy section, 21.8 billion roubles, was spent to implement a Tatarstan’s target programme Development of Agriculture in Tatarstan.

Within the Motorway Construction Programme, motorways of 198 kilometres were built, as well as 4 small and medium bridges.

Funds allocated for the housing and utilities branch were disbursed in the amount of 6.2 billion roubles (12.8 billion in the consolidated budget).

A total of 19.8 billion roubles (20.3 billion in the consolidated budget) was spent to finance welfare policies.