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The Far East will add money due to strong alcohol and oil - EastRussia | Far East

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The Far East will add money due to strong alcohol and oil

Financing of a number of regions of Russia, including the Far East, will increase due to the redistribution of incomes in favor of regions from excises to strong alcohol and oil products. This was announced at a meeting of the Government of the Russian Federation by Prime Minister Dmitry Medvedev.

As the press service of the Ministry of Economic Development informs, the government of the country intends to continue improving interbudgetary relations so that the regional budgets are more balanced and give the regions more opportunities to earn money themselves.

"For this purpose, part of the income is redistributed in favor of the regions. This applies to excise taxes on strong alcohol and oil products, "Dmitry Medvedev explained, stressing that intergovernmental transfers will grow. "In the direction of the increase, we revised our previous plans for 2019 - 2020 years to finance the Far East and the Baikal region, the Kaliningrad region within the framework of relevant state programs," he said.

As part of the adjustment of the tax system, the Prime Minister promised to maintain mechanisms for tax support for individual territories and a number of new projects that are emerging there. "In many regions, management teams have changed, new governors have come. We need to work with them actively, including on more precise adjustment of the mechanism of budget transfers, "the Prime Minister of the Russian Federation said.