The city Duma adopted the capital budget for 2018

© Photo : courtesy of Moscow city dumisane the Moscow city Duma. Archive photoThe city Duma adopted the capital budget for 2018© Photo : courtesy of the Moscow city Duma

The city Duma adopted in final reading the draft budget of Moscow for 2018 and the planning period of 2019 and 2020; in 2018, the revenues will amount to 2.1 trillion rubles, expenses — of 2.33 trillion rubles, the deficit — 222,9 billion rubles, the correspondent of RIA Novosti.

«The bill is modified taking into account all of the amendments that has no internal contradictions. It is formed in terms of achieving sustainable economic growth. In the coming three years it is planned the stable increase of income, both in nominal and in real terms», — said the head of the Department of Finance Elena Zyabbarova at the meeting in the Moscow city Duma.

According to her, the expenditure budget has a software format and provides the necessary resources the implementation of the 14 state programs. Thus, provided the priority of the social sphere, has significantly increased obligations to the people.

«You are taking a budget is not only socially-oriented, but in a sense, socially-formed. A quarter of the costs of the total it is planned to direct for financing of the address investment program and the program of the renovation of the housing stock. The structure of the budget is optimal. The budget is aimed at further economic growth,» she said.

About 90% of budget revenues came from tax revenues. In the amount of non-tax revenues the largest share in 2018 is lease payments for land plots and premises for almost 32%, revenues from placement of temporary free budget funds (29%) and revenues from penalties (12-13%).

On measures of social support in 2018 it is planned to send 240,8 billion — almost 27% more than in 2017. In the next three years on social payments will be sent to about 720 billion (36% more than in the previous three years). The development of the transport sector in the next year the city will spend 542,3 billion rubles, health care — 251,2 billion rubles, education — 293,9 billion rubles, the sport is about 38 billion rubles, culture — more than 46 billion rubles.