Approval of the Crimean draft budget: 100 of 132 billion will be asked from Russia

The Crimean authorities have presented the draft budget 2017 with the revenue of 131.7 billion rubles (2.1 billion USD). Almost 100 billion rubles (1.6 billion USD) must be at that borrowed from the Russian budget.

According to the draft, the budget revenues of Crimea will increase to 131.7 billion rubles in 2017 i.e. 25.7% more comparing with the estimated income of 2016, including 33.7 billion rubles of the local tax and non-tax revenues and 98 billion rubles of the grants from the federal budget of Russia.

The expenditures of the Crimean budget 2017 are planned in the amount of 134.8 billion rubles that is 9.8% more than in 2016.

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