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The Finance Ministry has prepared proposals to increase aid to regional budgets
1 October 2013, Tuesday
Russia's Finance Ministry has prepared a proposal to increase the financial assistance to Russian regions that are experiencing difficulties with the formation of the revenue base of their budgets , according to Finance Minister Anton Siluanov (at the meeting on the draft federal budget for the years 2014-2016 with the President of the Russian Federation) .
"We still have some concern in a preparation of budgets of the Russian Federation. In current circumstances, when inflow of income tax is reducing, many regions have balanced their budgets with great difficulties. And in this regard, we have prepared a proposal to increase the financial support to the regions and proposals to increase formation of their revenue base , "- said the Minister.
According to him, the government is currently working on this issue with the deputies of the State Duma. The draft budget for 2014 and the period 2015-2016 should be submitted to the Duma until October 1.
Responding to a Vladimir Putin's question about the benefits, which regions provide to entrepreneurs Siluanov said that the ministry collects and processes this information.
"And for the transportation tax, land tax. Exemptions are also sometimes needed. We should see their effectiveness. We're just focused in the subjects of the Russian Federation", - said the minister.
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