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Moscow Budget Code to Be Tested for Soundness
Moscow government has approved as basic the 2008 draft budget, which amount has exceeded 1 trillion rubles first time in the city’s history. Today’s concern of the masterminds is to evade requirements of the new RF Budget Code, retaining the right of prefects to spend money of Territorial Budget Funds and to maintain state support for Moscow enterprises without being controlled by Federal Antimonopoly Service.
The Moscow cabinet focused yesterday on the draft budget for 2008, which revenues are estimated at 984.9 billion rubles, the spending will reach 1,155.5 billion rubles and the budget gap will be 170.5 billion rubles. The budget will retain its usual social direction - the overall social costs specified in the document exceed 500 billion rubles.
Unlike the social spending, the target investment program of the city has been made out for three years. The 2008 draft provides 413.4 billion rubles to implement the city’s order in 2008, 335.2 billion rubles will go for this purpose in 2009 and 403.2 billion rubles will be appropriated in 2010.
The investment program spells out the surge in funding of housing and communal services, construction of new metro stations, schools and nursery schools. Appropriations for the road building will go up by 36 percent to 88.5 billion rubles in 2008. But the most radical increase, Moscow Mayor Yury Luzhkov said, will be the 15-fold growth in appropriations for rebuilding of housing stock. The amount will soar from the usual 2 billion rubles and 3 billion rubles to 42 billion rubles in 2008.
Having approved the draft as basic, the mayor said it needs certain elaboration. The thing is that a new Budget Code takes effect in Russia in 2008. It winds up Territorial Budget Funds and strips the perfects of control over financial resources of the district. So, Luzhkov committed the draft masterminds “to retain … efficiency of the work of prefectures.”
www.kommersant.com
All the Article in Russian as of Aug. 29, 2007
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