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Chukotka Budget Oriented for Social Affairs and Economic Development - EastRussia | Far East

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The budget of Chukotka is focused on social programs and economic development

The budget of Chukotka is focused on social programs and economic development
Photo: Lyudmila Kondratyuk / lookmytrips.com

The main expenses of the Chukotka budget in the 2020 year will go to the social sphere, housing and communal services and the development of the local economy. Such data were made during a public discussion of the draft main financial document of the region for the 2020 year and for the planning period 2021-2022 years.

According to the press service of the governor’s apparatus and the regional government, next year’s budget revenues are projected at 35,6 billion rubles. The surplus will amount to 933,2 million rubles, and in 2021 and 2022 years - 1,8 billion rubles.

The growth of gross regional product is expected, which is associated with an increase in capital investment in mining at the Baimskoye field. In the next three years, investments in the industry should amount to 112 billion rubles, and the volume of GRP to reach 106 billion rubles.

In 2020, an increase in the salary of state employees by an average of 7% is planned. For these purposes, 665 million rubles will be additionally spent. Now the average level of salaries is 105 thousand rubles and will continue to increase by 6% annually. In addition, the size of the regional maternity capital and payments for the maintenance of wards of children will be indexed at 3%.