29 November, Vitebsk /Diana Kurilo - BELTA/. The consolidated budget of the Vitebsk region may exceed the initially approved revenue plan by more than Br700 billion by the end of 2011, and is expected to reach Br5.4 trillion, taking into account gratuitous receipts from the republican budget, reported today at an extraordinary session of the Vitebsk Regional Council of Deputies, the head of the financial department of the regional executive committee, Boris Kichanovsky, according to a BELTA correspondent. The positive dynamics in the implementation of most socio-economic development parameters of the region have made it possible to mobilize revenue receipts into budgets of all levels. For ten months of the current year, local budgets of the region received Br2.4 trillion in own revenues. The growth of budget payments compared to 2010 was 145%. A total of over Br2.9 trillion in taxes and non-tax payments is expected to be received for the entire year 2011, which is Br722 billion higher than the initially approved plan. The main share of revenues will be value added tax, personal income tax, profit tax, and property taxes. The growth of consolidated budget revenues is ensured by the mobilization of tax and non-tax payments, as well as by the financial reserve created in the process of executing the regional budget, which was formed by reducing non-priority and capital expenditures by 30%. Social and priority expenditures of the regional budget in the current year have been increased by Br75.7 billion. These funds are planned to be directed towards the payment of wages to employees of the budget sector, medicines, utility services, subsidizing suburban passenger transportation, transport services, leasing payments, etc. As emphasized by Boris Kichanovsky, the regional budget will maintain its social orientation: about 60% of the funds will be directed to the socio-cultural sphere and social policy.-0-

BELTA