PM: Russia to raise support of regions by 9% to 1.6 tln rbl in 2017

MOSCOW, Dec 28 (PRIME) – Russia will increase regional support by 9% to 1.6 trillion rubles in 2017, Prime Minister Dmitry Medvedev said at a meeting on measures to ensure regional budgets’ balance on Wednesday.

“The support will be increased by about 9% next year as compared with this year. This was not the easiest task in conditions of a tight budget. The total amount of interbudget transfers is planned at a level of almost 1.6 trillion rubles,” Medvedev said.

Subsidies to the regions will grow as well, he said.

According to Medvedev, as a result of these measures, the overall amount of regional budget deficit is expected to almost halve by 2019.

(60.8587 rubles – U.S. $1)

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