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EastRussia Bulletin: Financial aspects of further development of the Far East are announced - EastRussia | Far East

Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

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Yuzhno-Sakhalinsk

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EastRussia Bulletin: Financial aspects of the future development of the Far Eastern Federal District

EastRussia Bulletin: Financial aspects of the future development of the Far Eastern Federal District
Photo: EastRussia
Based on the results of the collegium of the Ministry of Regional Development held in Vladivostok, financial aspects of the further development of the Far Eastern Federal District became known - support for Far Eastern projects remains at a high level, the latest issue of the EastRussia bulletin says.

At the moment, the Far Eastern sections are being finalized in all 29 state programs, as a result of which the Far East will receive 602 billion rubles in the next three years. from the federal budget (by 75 billion rubles more in comparison with 2015-2017 years). Among the main projects for which funds will be directed - the construction and reconstruction of roads (160 billion rubles), the construction of new electrical networks in Chukotka (20,9 billion rubles), the reconstruction of airports in Yakutsk, Khabarovsk, Magadan and Blagoveshchensk (13,5 billion rubles. ), the construction of hospitals in Khabarovsk, Komsomolsk-on-Amur, Magadan and Yakutsk, as well as the construction of two dams in Primorye, affected by floods in 2016.

In addition, Prime Minister Dmitry Medvedev instructed the Finance Ministry and the Ministry of Regional Development to work out a plan for transition to a model budget in the Far East, taking into account the characteristics of the macroregion for greater efficiency of expenditures. The model budget is a project of the Ministry of Finance, which means bringing the costs of the regions to certain powers to some common denominator, which will be calculated according to a certain formula. Earlier, Minister Anton Siluanov noted that on the basis of expenditure powers of the constituent entities of the Russian Federation, the agency developed a so-called model budget that can be compared with each constituent entity of the Russian Federation and see who has surplus costs, and who from the regions needs additional support.

The issue of capitalization of the Far East Development Fund (FDDF) has also been resolved. The government of the Russian Federation decided to capitalize the FRDF by 11 billion rubles. in 2018 year. The sources of financing will be the state budget (under the program for the development of the Far East), part of the funds will be sent by the Russian Direct Investment Fund (RFPI) and Vnesheconombank. What exactly these funds will go to is not yet known. At the same time, one of the key projects of the FRDF (all of them 14) is the construction of a cross-border railway bridge between the village of Nizhneleninskoye (Jewish Autonomous District) and the city of Tongjiang (Heilongjiang Province, China) across the Amur River. The total cost of the project is 10 billion rubles, of which 2,5 billion rubles. - Fund investments. With the support of the Fund in Primorye, the construction of the shipyard "Zvezda", as well as all the necessary social infrastructure for its future employees, is under way. The total cost of the project is 11 billion rubles, of which 3,3 billion rubles. - investment FRGV. It is worth recalling that previously discussed the possibility of issuing the Fund's bonds, but they decided to abandon it. According to the official website of the organization, for June 2017, the total size of the Fund's assets was 37 billion rubles.

A detailed analysis of this and other relevant topics can be found in the weekly bulletin EastRussia (https://www.eastrussia.ru/subscribe/).