Bashkiria parliament revised republican budget due to coronavirus
Deputies of the Bashkir parliament adopted in the first reading a bill to amend the law on the Bashkiria budget for 2020 and the planning period 2021 and 2022.
According to the amendments, the volume of the republican budget this year will be 208.5 billion rubles in revenues and 236.4 billion rubles in spending. The deficit is 27.9 billion rubles.
“In 2021, the revenues budget will decrease to 198.6 billion rubles, expenditures — to 216 billion rubles. The deficit will amount to 17.4 billion rubles,” Natalya Kalugina, First Deputy Minister of Finance of Bashkiria, stated at a meeting in the State Assembly — Kurultay RB. “In 2022, the revenue budget will increase to 219.5 billion rubles, up to 235.9 billion rubles in expenditures. The deficit will amount to 16.4 billion rubles. ”
Yesterday, the Head of Bashkortostan Radiy Khabirov announced a significant revision of the republican budget due to the coronavirus threat.
“The budget will be seriously reviewed,” Radiy Khabirov underlined. “This means that we will stop first of all the construction of many social facilities from the republican targeted investment program. It is absolutely certain that we will channel part of the funds to support the economy and solve the social problems that may appear. Therefore, we must treat this with understanding, as it is just a short break”.