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Moscow government to consider deficit-ridden city budget for 2011

© Sputnik / Anton Denisov / Go to the mediabankMoscow government to consider deficit-ridden city budget for 2011
Moscow government to consider deficit-ridden city budget for 2011 - Sputnik International
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The Moscow government will consider on Tuesday the 2011 draft city budget, which envisages a deficit of 100.8 billion rubles ($3.28 billion), the Moscow finance department has said.

The Moscow government will consider on Tuesday the 2011 draft city budget, which envisages a deficit of 100.8 billion rubles ($3.28 billion), the Moscow finance department has said.

In line with the draft budget, Moscow will receive 1.19 trillion rubles ($38.86 billion) in revenues in 2011, while expenditures are expected to stand at 1.29 ($42.15 billion).

In 2010, Moscow's budget deficit is expected to amount to 190.2 billion rubles ($6.2 billion).

The Moscow authorities are planning to spend about 591.5 billion rubles ($19.28 billion) on the social sector, including almost 248 billion rubles ($8.08 billion) on social workers' salaries.

The salaries are planned to be raised twice during the next year: by 3 percent starting January and by 5 percent starting September, the finance department said.

 

MOSCOW, August 24 (RIA Novosti)

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