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20 January, Friday

Ufa   °

Investment programs financing will exceed 16 billion rubles in Bashkiria in 2014

Money

UFA, 28 November 2014. /Bashinform News Agency, Elvira Latypova/.

Despite a "difficult overall economic situation" and "tense consolidated budget" the volume of Republican Targeted Investment Program (RAIP) was increased and fulfillment of social obligations in Bashkortostan was ensured. This was reported by the First Deputy Prime Minister of the Government RB Rustem Mardanov at the board meeting of the Ministry of Land and Property Relations of Bashkortostan Republic on Friday.

“If last year the Republican Targeted Investment Program amounted to almost 14 billion rubles this year it is more than 16 billion rubles”, First Deputy Prime Minister said.

Part of investment spending "is compensated by the budget deficit". The budget deficit is financed including by the revenues from state and municipal property disposal. According to Rustem Mardanov, the plan of these revenues receipts "goes even with some over-fulfillment". In particular, the annual plan of the property tax revenues in the republic is executed already by 95 percent as of November 1. The annual plan of revenues from state and municipal property disposal is executed by 93 percent, the revenues from sale of tangible and intangible assets — by 84 percent.

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