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Yakutia is among surplus regions

  • Published in Economy

Yakutia is among the surplus regions. Their number increased from 45 in 2017 to 70 in 2018 - they provided an aggregate surplus of 551 billion rubles (3.6 times more than in 2017), according to the Analytical Credit Rating Agency (ACRA).

For the first time since 2007, a cumulative surplus of regional budgets has formed in the amount of 492 billion rubles. The total deficit by the end of last year will be reduced threefold - to 59 billion rubles.

By the end of the year, the deficit increased in the Moscow and Sakhalin regions, as well as in the Khabarovsk Territory. The Republic of Altai and the Amur Region have moved from surplus to deficit. The highest surplus is in the Khanty-Mansi Autonomous Area (36.68 billion rubles), the Tyumen (33.57 billion rubles) and Leningrad (13.2 billion rubles) Regions. The surplus of Yakutia is 10.2 billion rubles; the deficit is 9.1 billion rubles.

Regions have disposed of the budget surplus in two ways: some spent money on debt reduction, others saved it in accounts in the form of arbitrary reserves. In the future, these funds can go to cover the deficit.

The amount of the arbitrary reserve of the regions (except Moscow) last year reached 349 billion rubles. It was formed by 67 subjects of the Russian Federation.

In particular, the income of the regions’ budgets was provided by the income tax (ACRA connects it with the high cost of raw materials), as well as personal income tax, subsidies and property taxes.