Mosgorduma managed to take a three-year budget of Moscow until the New Year.

Mosgorduma 10 Dec, 2008 adopted a law on the budget of Moscow in 2009 and the plan period 2010-2011, reported Interfax. In October this year, the head fiscal commission Mosgordumy Igor Antonov, said that Moscow's budget for 2009 before the New Year will not be accepted.
According to the document, the Moscow budget revenues in 2009 amount to 1387 trillion rubles in the 2010-meters - 1613 trillion rubles, and in the 2011-meters - 1866 trillion rubles. Expenditures are planned in the amount of 1462, 1698 and 1963 trillion rubles. Thus, the city budget deficit will gradually increase to 74.9 billion rubles in 2009 to 96.7 billion rubles in the 2011-meters.
According to the head of the Department of Finance of Moscow, Yuri Korosteleva, originally in the draft city budget were planned higher costs, but later they were reduced, taking into account the possible effects of the financial and economic crisis. In 2009 the projected costs were reduced by 202 billion rubles for 2010 th - at 183 billion rubles and the 2011 th - at 260.7 billion rubles.
The main decrease was attributable to targeted investment program. In doing so, the cost of major repairs and budgetary investment has been reduced by 25 percent and payroll Devolving the Costs - five per cent due to understaffing posts. According to Korosteleva scheduled Devolving the Costs raising salaries, social benefits and payments will be made in full.
3 Dec., 2008 Moscow authorities have reduced the city borrowing program for 2009 doubled to 55 billion rubles. It is expected that 20.93 billion rubles will go toward refinancing bonds and the rest - to finance the budget deficit and investment program of the city.
The budget of Moscow for several years sverstyvaetsya deficits. In doing so, the city expects declining revenues, most of which Moscow is due to tax oil companies. Recall the cost of oil on the world market since the beginning of 2008, steadily increased and by July had reached the mark in 147 dollars a barrel. Then oil prices began to fall and the beginning of December fell below 50 dollars a barrel.