Kaluga Region budget revenues increased by 11 percent

Budget revenues of the Kaluga region for the first half of 2022 grew by 11% compared to the same period last year and amounted to more than 39.7 billion, according to the government of the region.

On Monday, the Governor of the Kaluga region Vladislav Shapsha in videoconference chaired a regular meeting of the regional government. The regional Cabinet of Ministers approved the report on execution of the regional budget in the first half of this year.

“According to the Minister of Finance Valentina Avdeeva, the income of the regional Treasury for this period exceeded 39.7 billion, a 3.9 billion or 11% more revenue over the same period in 2021. Tax and non-tax income in the amount of 30.9 billion. This is a 3.4 billion more than last year. The growth rate of 113%”, – stated in the message.

According to the regional government budget expenses made in the amount of 37.7 billion, exceeding 16% in the same period last year. The cost of implementation of target programs totaled 36.8 billion, more than 25 billion, or 67% of total expenditure was spent on the social sector.

According to Valentina Avdeeva, overall regional budget aimed at improving the standard of living of the population of the Kaluga region. First of all, the costs of achieving the targets of the projects that are regional components of national projects.

Following the discussion, Vladislav Shapsha noted that despite the changing economic conditions provided by the regional Ministry of Finance data show that the positive dynamics of the performance. He emphasized the importance of rational spending budget and priority funding social problems.

Speaking about the financial prospects for the next three years, the Governor said: “Our goals remain unchanged – a balanced budget, the share of social spending, the implementation of national projects and Federal programs.”