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Moscow City Duma adopts amended city’s budget

September 07, 2011, 20:15 UTC+3
The key parameters of the budget remained unchanged as a result of the recent changes
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MOSCOW, September 7 (Itar-Tass) —— As many as eleven billion roubles (USD 1 = RUB 29.49) will be assigned additionally for the purchase of road machinery for Moscow, as well as 9.7 billion roubles more will be disbursed for the development of the city’s public health sector. These and other amendments are envisaged by a law on the updating of the city budget for 2011, which was adopted by deputies of the Moscow City Duma.

“The key parameters of the budget remained unchanged as a result of the recent changes. All amendments were well-balanced,” Chairperson of the Moscow Finance Department Vera Chistova said and asked the deputies to adopt them in the final reading without debates, which was done.

Under the updated document, the fund for the investment contract repayments under court decisions will be increased by 1.5 billion roubles, as well as 1.7 billion roubles will be assigned additionally for the repair of pre-school establishments, 0.5 billion roubles will be given for the improvement of yard areas, and 0.6 billion roubles will be delivered by the Moscow city government to the Moscow region for the beautification of cemeteries.

Touching upon the most significant declines, Chistova mentioned the decrease of spending for the City’s targeted and investment program.

Due to the termination of the program for Moscow’s patronage over the Russian Naval Forces, the city’s assistance decreased by 70.6 million roubles. Chistova explained that the use of the funds was inefficient, as money were disbursed to the final point through a mediator – the Sevastopol Development Fund.

“I, as former deputy defence minister, believe that the Defence Ministry has got sufficient funds in order to render assistance to its servicemen in Sevastopol,” she said.

In 2011, the Moscow City budget revenues are planned at 1.305 trillion roubles and expenditures at 1.487 trillion roubles.

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