19 December, Vitebsk /Diana Kurilo - BELTA/. Revenues of the Vitebsk region budget from the use of state property for January-November 2012 doubled compared to last year's figures, the finance department of the Vitebsk Regional Executive Committee informed a BELTA correspondent. Budget revenues in the form of a share of profit of unitary enterprises and dividends of business entities, rental fees from leasing property, revenues from income-generating activities, and sale of state property for January-November 2012 amounted to Br220 billion. As noted by the finance department, the work of all economic entities and authorities aimed at increasing gross regional product, improving labour remuneration, and stabilising the financial and economic situation has enabled the mobilisation of revenue receipts to all budget levels. For 11 months, local budgets of the region received over Br6 trillion in tax and non-tax payments. Compared to last year, revenues increased 2.2 times. More than 80% of all revenues were generated from personal income tax, profit tax, value added tax, and property tax. Interest income of Br182 billion was received from the placement of temporarily free budget funds in bank accounts this year. According to preliminary data, local budgets will receive Br6.7 trillion in tax and non-tax payments in 2012, which is Br1.7 trillion higher than the initially approved plan. Surplus revenues are primarily directed towards financing socially significant expenditures – salaries for employees of budgetary organisations, transfers to the population, food, medicines, utility payments, as well as the construction and reconstruction of dairy farms, and subsidising works and services.-0-

BELTA