Local Duma adopts budget for 2007 after first reading

The Municipal Duma of Yekaterinburg adopted the budget for 2007 after the first reading. The budgetary profits are expected to come to 13.451bn RUR, of which 3.686bn should be received from the federal and regional budget. The expenses will probably come to 14.753bn RUR, including 5.775bn RUR to be invested in education, 2.303bn RUR to be spent on the housing and communal facilities, and 2.284bn RUR should be invested in medicine.

The budget deficit will thus come to 1.301bn RUR. The budget was drawn up considering the average growth of heating, electricity, and other tariffs by 9.9% and a predicted inflation rate of 7.5% p.a.

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