Saturday, June 23, 2018

Yekaterinburg budget revenue for 2014 currently 78 percent of target

A Yekaterinburg official said the city's budget revenues increased from January to September 2014 to more than $489 million.

Andrei Koryukov, head of the Yekaterinburg Council Finance Department, announced the boost Friday at the Yekaterinburg Duma's budget and economic policy committee meeting.

The revenue total is 78.4 percent of Yekaterinburg’s target budget for 2014.

Koyrukov said city budget expenses added up to more than $453 million. This equals approximately 68.4 percent of the city’s target figure for the year 2014.

Officials estimate that education expenses make up approximately half of the total amount, plus about 10 percent earmarked for social policy.

“For one, education expenses came to ... 50 percent of the total amount, with 10.6 percent directed at social policy,” Koryukov said. “All in all, some 70 percent of budget expenses had to do with socially-oriented spending.”

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