Rustam Minnikhanov about Tatarstan budget commitments: "We do not face any failures"

On July 24 Tatarstan President Rustam Minnikhanov held a regional meeting on results of performance of consolidated budget in the first half of 2013. Heads of regional ministries and agencies, top managers of major industrial enterprises, deputies of Tatarstan State Council took part in the event.

Rustam Minnikhanov noted rather tight economic situation in the current year. According to results of the first half of 2013, the industrial production index made 101, 7 per cent. There was the slowdown in construction rates by 2,5 per cent and in the retail trade turnover from 119,8 to 102,8 per cent.

Much emphasis should be put on the profit tax. According to Tatarstan Department of Federal Tax Service, the profit tax decreased by 24 per cent in the first half of 2013. Negative trend is observed in the sphere of oil production, engineering, chemical and petrochemical industry, transport and financial sectors.

Tatarstan President noted that support of commodity producers, expansion of domestic market should be the priority areas in economic policy. He added that the budget 2014 should be set taking into account current tendencies.

Tatarstan Minister of Finances Radik Gaizatullin reported on results of performance of consolidated budget in the first half of 2013.