Wage arrears in Russia up 3.6% in September to over $58 mln

Business & Economy October 17, 2016, 17:38

MOSCOW, October 17. /TASS/. Wage arrears in Russia as of October 1, 2016, amounted to 3.658 bln rubles ($58.19 mln), increasing by 127 mln rubles ($2.02 mln) or 3.6% compared to September 1, 2016, according to the Russian Federal State Statistics Service (Rosstat).

Overdue debt due to organizations lacking funds as of October 1, 2016, amounted to 3.618 bln rubles ($57.55 mln) or 98.9% of the total volume of wage arrears. Compared with the figure of September 1, 2016, it increased by 141 mln rubles ($2.24 mln) or 4.1%.

Debt due to receiving funds from the budgets of all levels untimely amounted to 40 mln rubles ($636,281) and decreased in comparison with September 1, 2016, by 14 mln rubles ($222.731) or 25.5%, including debt from the federal budget of 2 mln rubles ($31,818) (down 15 mln rubles ($238,640) or 9.5-fold against September 1), Russian regions’ budgets - 26 mln rubles ($413,643) (down 1 mln rubles ($15,909) or 4.2%), local budgets - 12 mln rubles ($190,979) (up 2 mln rubles ($31,818) or 25.9%).

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