Preliminary results of consolidated budget execution summarized in Tatarstan

On December 13 Tatarstan President Rustam Minnikhanov, Russian Minister of Finance Anton Siluanov, Deputy Head of Federal Tax Service Andrey Petrushin took part in a joint session of Tatarstan Ministry of Finance, Department of Federal Tax Service, and Department of Federal Treasury on results of consolidated budget performance of the Republic of Tatarstan in 2013.

The session was held at Korston hotel and broadcasted online on the Official Government website www.prav.tatarstan.ru.

Opening the event, Rustam Minnikhanov introduced participants of the session and thanked Anton Siluanov for attention paid to Tatarstan.

“Our economic achievements, successful holding of summer Universiade 2013 result from comprehensive work with federal authorities,” he said.

Rustam Minnikhanov thanked Russian Minister of Finance for restructuring of Tatarstan debts to the federal budget. It enabled Fitch rating agency to assign the rating of investment level to the republic.

Rustam Minnikhanov said that main tasks today are execution of May orders of Russian President, which was also announced at yesterday’s Address of Vladimir Putin to the Federal Assembly.

Tatarstan Minister of Finance Radik Gaizatullin reported on results of consolidated budget execution for 2013 and tasks of financial institutions for 2014.

This year raising of taxes, revenues, and customs fees is expected to make 713 bln rubles.

Despite the slowdown in growth rates, Tatarstan provides stable flow of revenues. The republic annually holds leading positions among other regions within Volga Federal District.

The amount of tax and non-tax revenues is expected to make 164 bln rubles, federal funds – 35.8 bln rubles, the profit tax - 50.3 bln rubles, personal income tax – 51 bln rubles. The flow of excise duties is to make 12.1 bln rubles.

Radik Gaizatullin continued that all state and municipal institutions are finishing the financial year having paid all salaries and without overdue accounts payable. He also focused on salary increase for employees of budgetary institutions, noting that the amount of allocated funds to pay salaries will make 70 bln rubles.

Head of Tatarstan Department of Federal Tax Service Marat Safiullin and Head of Department of Federal Treasury Rustam Nuriakhmetov made reports at the session.