The unrecognized executive of the Transnistrian region approved the budget for 2016. The budget provides for a total expenditure of 4.7 billion rubles and incomes of 2.3 billion rubles. Thus, the budget deficit will be over 2 billion rubles, IPN reports, quoting the Transnistrian press.
For paying pensions on time to the full extent, the social insurance fund will be guaranteed by reducing the insurance level of the republican budget.
The expenditure does not take into account all the necessities of the budget institutions, which were estimated at about 6 billion rubles. But it includes money for clearing the salary arrears that totaled 393 million rubles on December 1, 2015.
The possibility of using the taxes for maintaining the housing sector to pay salaries was kept.
The inflation rate for 2016 was set at 2%, compared with the rate of 4-6% forecast earlier. The salaries will be raised by 3% in January and by another 2% in July. The average pension will be increased by 4%.
The 2016 draft budget is to be examined by the new composition of the Supreme Soviet, which is to identify the additional sources for financing the social areas.
