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Penza region to receive a subsidy of over 758 million roubles

11:30 | 24.05.2020 | Economy

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Penza, 24 May 2020. PenzaNews. Penza region will receive a subsidy from the federal budget in the amount of over 758 million roubles to support measures to ensure the balance of the region's budget for 2020.

Penza region to receive a subsidy of over 758 million roubles

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The distribution of funds in the amount of 100 billion roubles among 56 constituent entities of the Russian Federation was approved by government decree № 1378-p, which was signed by Prime Minister Mikhail Mishustin.

According to the press service of the Russian government, the funds allocated on behalf of President of the Russian Federation Vladimir Putin will be sent to regions whose tax and non-tax revenues as of May 1, 2020 were lower than the revenues for the previous two years.

At the same time, the amount of the subsidy for each constituent entity of the federation is determined taking into account priority expenditures of the regional budgets.

It is expected that this measure will help to balance the consolidated budgets of the constituent entities of the Russian Federation in the conditions of economic restrictions associated with the coronavirus pandemic.

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