The Ministry of Finance will increase the volume of subsidies to the regions for leveling the budget supply

© RIA Novosti / Maxim to Bogodeeva in photobackup. Archival photoThe Ministry of Finance will increase the volume of subsidies to the regions for leveling the budget supply© RIA Novosti / Maxim to Bogodeeva the image Bank

The volume of grants to regions from the Federal budget of the Russian Federation for leveling the budget supply in 2018 will grow by 5% compared with the current years and will reach 645 billion rubles, said Finance Minister Anton Siluanov at the meeting of the government Commission on regional development.

According to him, next year will increase the volume of interbudgetary transfers to the regions. «The increase primarily subsidies on equalization of budget sufficiency, and increase subsidies to support salary costs,» explained the Finance Minister.

He noted that the grants for leveling the budget supply calculated on the assumption that next year and the current year, they increase the 1% profit tax, which was in 2017 transferred from the regions to the Federal budget and distributed among those in need of actors.

«The amount of subsidies next year the alignment will be is 614 billion, this year, 645 in the next year will increase by 5%», — said Siluanov.

However, he drew attention to the fact that this year marked a positive growth rate of tax revenues in regional budgets. «At 1 September revenue rose by 8.7%, while own revenues by 8.5%. Rapidly growing income tax», — said the head of the Ministry of Finance of the Russian Federation.

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