Income tax reduction could cut $80 million from Yekaterinburg city budget
The head of the Yekaterinburg administration Alexander Yakob said the budget could be cut by $80 million and that over $120 million might be underpaid into the city's budget due to lack of inter-budgetary transfers, Ural Business Consulting reports.
Yakob also said the city budget could be $210 million less next year.
The Sverdlovsk region's consolidated budget for next year would increase income from $4.8 billion to $5.1 billion--a 6.5 percent increase. The Sverdlovsk government has also referenced a decrease in the city budget that would reduce subsidy inflow, according to Ural Business Consulting.
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