Thursday, March 12, 2009

Putin called the most important condition for the provision of additional assistance to the regions.

Additional help the federal budget will be provided only to those regions that are concentrated on ensuring the social well-being of citizens. The statement was made by Prime Minister Vladimir Putin at a meeting of a governmental commission on regional development. That was reported by Interfax. "
According to Putin, the regions should do everything to maintain the solvency of municipalities, as it is at this level, employing the largest number of Public Employment.
The Prime Minister said that the regions will receive an additional budget of 300 billion rubles, RIA News. Because half of these funds will go to balance budgets, and half will be designed as an additional budget credits for up to three years.
Another form of assistance to the region since the beginning of 2009 was the transfer to the local budgets of 100 per cent excise tax on gasoline and the additional 0.5 percent tax on profits, Putin reminded. In total, this region will give additional 100 billion rubles. In addition, the government carried loans to local authorities to 16,1 billion rubles.
Putin also said that up to 95 per cent of regional employment development programs will be funded from the federal budget. In addition, reduced requirements on the level of co-financing costs for federal grants.
Russian regions to a large extent affected by the financial crisis, which in Russia was recorded promproizvodstva recession and GDP. Federal authorities also had to revise budget: according to new data, the deficit will amount to eight per cent of GDP.

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