Kazan budget for 2014 approved without deficit

Income and expenses amount to 17.5 billion rubles. 

Kazan City Duma approved Kazan budget for 2014 and the planning period of 2015-2016 at today's session.

Ayrat Garipov, Head of Kazan Financial Directorate, reported that the city's income and expenses will amount to 17.5 billion rubles, 6 billion rubles of which will be inter-budget transfers.

A 5% increase of public sectors employees' salaries, public obligations, food and medicine prices and a 12% growth of utility services' cost were used to project the volumetric indicators for the 2014's expenses.

70% of the city's expenses will be allocated to social and cultural spheres.