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MOSCOW, December 26 (Itar-Tass) —— Russian President Dmitry Medvedev is of the opinion that the revenues of regions can be supplemented with 1 trillion rubles that can be obtained from redistribution of taxes and scrapping some federal privileges.
Addressing the meeting of the State Council, the president touched upon the theme of expanding sources of regional and local budgets’ revenues “to exercise the possible powers and the already existing ones that are quite numerous and whose financing is not flawless.”
Medvedev recalled that in his annual message to the Federal Assembly last week he said that the amounts of additional sources of regional and local budgets’ revenues can reach 1 trillion rubles in perspective. “We must find these sources, and there is also a list of suggestions as to where to look for them,” the president said.
He noted that the proposals include “redistribution of a number of taxes and scrapping some federal preferences.” The president suggested at the Monday meeting that these initiatives should be discussed.