According to results of 7 months Tatarstan GRP made 2 trillion 892bn rubles

On 6 September at its meeting held by Tatarstan Prime Minister Aleksey Persohin with participation of the Rais of the republic Rustam Minnikhanov, the regional Cabinet of Ministers considered main parameters of the forecast of the social and economic development of the republic for 2025-2027 and the forecast of the consolidated budget of the republic and the regional Fund of Compulsory Medical Insurance for 2025.

Speaking at the meeting, Aleksey Pesoshin stated that the forecast of the social and economic development of the republic has been formed taking into account forecast indicators of leading enterprises, branch ministries and municipalities of the republic as well as  national projects and strategic tasks set forth by the President of the country and the Rais of the republic.

He informed that according to the results of the first seven months of the current year the GRP of the republic has made 2 trillion 892bn rubles or 101.8 per cent compared to the same period last year, the industrial production index – 101.5 per cent, the amount of shipped produce – 3 trillion rubles and 521.5bn rubles of investments were attracted to the republic in the first half of the year.

“Improvement of life quality of each resident of the republic is the priority of the social and economic policy of Tatarstan. In the planned period we have to solve a number of systemic issues and first of all within the framework of implementation of new national projects, state and regional programmes and other activities aimed at strengthening social and economic capacity of the republic,” Aleksey Pesoshin added.

In his report, the regional Minister of Economy Midkhat Shagiakhmetov informed that the Operational headquarters of the republic have organized work in ensuring social and economic sustainability and economic development and participation of enterprises of the republic in their support measures. He told that in the current year systemically important enterprises of the republic have received about 53b rubles and SMEs – more than 54 b rubles of federal support.

Midkhat Shagiakhmetov said that in 2025 the GRP of the republic is forecast to be 102.9 percent, the Industrial Production Index – 103.1 per cent, the agricultural production – 100.8 per cent and the retail trade turnover – 103.1-103.6 per cent.

Having said that implementation of investments projects is one of the main factors of ensuring the forecast of social and economic development, the regional Minister informed that according to calculations the amount of investments into the core capital will make about 1 trillion 335b rubles in 2024 and 1 trillion 487b in 2025.

At the same time Aleksey Pesoshin said that even though tax revenues of the consolidated budget have been fulfilled by 71 per cent of the yearly plan, the amount of revenues is still not as expected and asked to take measures to decrease tax arrears.

“The budget is still socially oriented and all social liabilities must be fulfilled completely and with the required quality,” he added

The Director of the Treasury Department of the Ministry Marat Fayzrakhmanov said that the amount of tax and non-tax revenues into the budget in 2025 is expected to make 512.1b rubles and the total amount of expenditures – 525.6b rubles.

Speaking at the meeting, the Director of the regional Fund of Compulsory Medical Insurance Alsu Miftachova reported that the fund revenues are expected to make 85.9b rubles in 2025 showing 6,3b rubles growth compared to the current year.