Monday, August 21, 2017

Sverdlovsk region to reduce state-run establishments by 30 percent

The Sverdlovsk Region Finance Ministry is reporting a rise in budget revenue of $247.5 million for the region due to non-payable receipts in the first half of 2012.

The budget revenues came to $2.45 billion for the region, $247.5 million more than in the first half of 2011, Ural Business Consulting reports.

The numbers were reported during a meeting of the Sverdlovsk Region Finance Ministry on August 1. The goal of the meeting was to get budget revenues in the first half of 2012 and to find ways to enhance the efficiency of the revenues. The ministry also hoped to set goals for the local financial bodies of the Russian Federation Finance Ministry.

Tax debts for the regional budget dropped by $3.91 million in the first half of 2012, hitting $177.7 million in July. The region's consolidated budget also received an additional $98.4 million due to the interdepartmental bodies' efforts, though financial experts say that the interdepartmental communication among the territorial divisions of federal executive bodies must become more efficient in order to meet the goals set out by the Sverdlovsk region governor, according to Ural Business Consulting.

The region's Finance Minister Galina Kulachenko said that the Russian Finance Ministry wanted to reduce inefficient spending in the state sector through the use of new organizational forms by reducing the number of state-run establishments by 30 percent.