Petersburg spends money much faster than it earns

Petersburg spends money much faster than it earns

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In January-February of this year, the actual budget deficit of St. Petersburg amounted to 71.53 billion rubles. or 49% of the planned deficit for the whole of 2023 (146.77 billion rubles). According to Vedomosti, in two months the city received 47.34 billion rubles. income is only 5% of the total amount of funds that the budget should receive in the current year (1.049 trillion rubles). At the same time, expenses for two months amounted to 118.86 billion rubles. – 10% of the planned spending of 1.2 trillion rubles.

Last year, in January-February, the surplus reached 29.11 billion rubles.

As explained to “Vedomosti” in the Committee of Finance of St. Petersburg, a serious lag in filling the budget is largely due to changes in federal legislation. From January 1, 2023, all taxes and contributions are transferred as a single tax payment (UTP). Under the new regime, all taxes (with the exception of a few) must be received on the 28th of each month. At the same time, the transfer of money to the account of budgets can take place within a few days, and funds can also be received only in the next month. Payers and tax authorities need time to switch to the new system, the relevant committee explained.

In addition, in February, overpayments based on the results of previous periods were written off from regional budgets in order to form a single tax account balance for each taxpayer. Thus, the city budget last month lost 18 billion rubles. Also in February, refunds were made of taxes paid by citizens ahead of schedule, for example, on income subject to declaration.

Source: Rosbalt

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