NEWS

The financial system of the Republic of Tatarstan originates from 1920. According to the Decree of All-Russian Central Executive Committee "On the Tatar Autonomous Soviet Socialist Republic" to manage the affairs of the autonomous republic May 27, 1920 were approved by the 10 People's Commissars . Decision on the establishment of the Commissariat of Finance ( Tatnarkomfin ) was adopted on the same day that it was of paramount importance due to money , finances and other cost categories in the national economy of the young republic .

The Ministry of Finance of the Republic of Tatarstan, May 26, 2014 held a meeting with heads of financial authorities of municipalities on local budgets execution in April 2014 and expected performance of local budgets in May 2014. Meeting held with representatives of SI "Department of the Pension Fund of Russia on RT", JSC "Tatenergosbyt", JSC "Gazprom Mezhregiongas Kazan."

May 23 at the Ministry of Finance of the Republic of Tatarstan, the Deputy Minister DV Volkov held a meeting to review the results of credit and insurance organizations have lowered the payment of tax on profit for January-April 2014 and the expected performance of financial and economic activities and payments to the budget in second quarter of 2014. The meeting was attended by representatives of the National Bank of the Republic of Tatarstan and the Russian Federal Tax Service of the Republic of Tatarstan.

The Russian government plans to allocate regions further 100 billion rubles of budget credits and another 25 billion rubles for the balance of regional budgets. This was announced by Prime Minister Dmitry Medvedev at a meeting to discuss measures to balance the consolidated budgets of Russia, RIA Novosti reported. Sounded amounts may be adjusted as the bill in the State Duma and the Federation Council.

Finance Ministry considers it necessary to reduce the amount of subsidies provided to the regions. This was stated by Russian Finance Minister Anton Siluanov on a conference on measures to ensure the balance of the consolidated budgets of the Federation.

Consolidated budget surplus amounted to 332 billion rubles. This was announced by Finance Minister Anton Siluanov on a conference on measures to ensure the balance of the consolidated budgets of the RF subjects.

Finance Minister Anton Siluanov held in the Ministry of Finance Russia a meeting on the preparation of proposals to improve the efficiency of budget spending . The meeting was attended by Deputy Minister , heads of departments , as well as the leadership of the Federal Treasury. Discussed a wide range of proposals from legislative changes to improve the procedures for budget formulation and execution . The meeting noted that one of the main problems at the moment is to optimize public spending , some spending obligations requires rethinking and deeper analysis.

The Finance Ministry suggests that the 2014 budget can be executed with a surplus of 0.5 percent of GDP. This was announced by Finance Minister Anton Siluanov.