Deputies allocated additional revenues of the Vitebsk region budget to salaries and major housing repairs
29/11/20120 views
29 November, Vitebsk /Diana Kurilo - BELTA/. The Vitebsk Regional Council of Deputies has decided to allocate additional budget revenues to housing repairs, subsidising transport services, road maintenance, and payment of salaries to employees in the public sector. Specific indicators of the regional budget for 2012 were refined today at an extraordinary session of the regional council, as reported by a BELTA correspondent.
Presenting the draft decision, Boris Kichanovsky, Head of the Financial Department of the Vitebsk Regional Executive Committee, emphasised that the efforts of economic entities aimed at increasing gross domestic product, wage growth, and stabilising the financial and economic situation have yielded results. According to preliminary estimates, local budgets will receive Br6 trillion in taxes and non-tax payments for the first 11 months of the current year. The main share of revenue has been generated by personal income tax, value-added tax, and profit tax. A significant growth rate is also observed for these taxes. Property taxes have become a source of replenishment for local budgets. An increase in non-tax revenues has contributed to the growth of the budget's revenue side. For instance, placing temporarily free budget funds in bank accounts this year has generated over Br160 billion in interest alone. Active work is underway in districts and cities to bring unused state property into circulation. Revenues from the sale and lease of assets through auctions and tenders have doubled. Financial bodies are actively working to reduce arrears. Currently, arrears stand at 0.1% of the total revenue.
As emphasised by Alexander Atyasov, Chairman of the Vitebsk Regional Council of Deputies, the overfulfilment of the budget's revenue side became possible due to the region exceeding its socio-economic development forecast indicators.
Based on the current economic situation, the financial department forecasts an increase in regional budget revenues by Br61.8 billion. The deputies decided to allocate these funds for salary payments to public sector employees, subsidising the housing and communal services sector, and providing passenger transport services to the population. Specifically, approximately Br5.8 billion will be allocated for capital and current housing repairs, and Br11.5 billion for the maintenance of local roads. The Education Department of the Regional Executive Committee will receive Br835 million to conduct the "Our Children" charity event.
Throughout the current year, planned allocations from revenues have already been refined and directed towards socially significant expenditures: wages, food, medicines, utility payments, subsidizing works and services, including the agro-industrial complex, as well as the construction and reconstruction of dairy farms.
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BELTA