Budget 2024 adopted in the first reading

The main parameters and directions of the law-in-draft on the 2024 budget were announced by Minister of Finance Alena Ruskevich. It will be socially oriented traditionally. The trend continues to finance primarily socially protected expenses. We are talking about wages, pensions, benefits and financial assistance.

The state is projected to receive 4% less revenue in 2024 than in 2023. The chairman of the relevant Committee on Economic Policy, Budget and Finance considers that the amount for Pridnestrovie is significant. Therefore, the main task when working on the draft of next year’s main financial document, both parliamentarians and the Government consider, first of all, the timely fulfillment of the state’s social obligations.

Despite the overall reduction in budget expenditures, the law-in-draft provides for social support measures. 57 million rubles are planned for compensation of benefits for utilities and communication services, 49 million rubles for state target programs in the field of healthcare and social protection, 40 million rubles for the maintenance of orphanages and boarding schools, and for maintaining the current procedure for payments of Soviet deposits to citizens ( phased indexation of the population's deposits) – about 25.5 million rubles, more than 15 million rubles for the purchase of housing for orphans, about 38 million rubles for the treatment of citizens outside Pridnestrovie.

Another socially significant aspect is utility tariffs for the population. It will remain unchanged, according to the draft budget law for 2024 to maintain household incomes at the current year level.

Regarding the increase in wages, pensions and benefits, the draft budget for 2024 did not provide for an increase. The President instructed in the course of the meeting with the head of state on the draft budget all government bodies to find such an opportunity in the new year, as noted by the chairman of the relevant Committee Viktor Guzun.

The Minister of Finance noted in her report on the draft budget law 2024 that it was drawn up taking into account the projected reduction in revenue indicators. Consolidated budget revenues for the next year are projected in the amount of 3 billion 770 thousand rubles, which is 4.22% less than the planned indicators for 2023.

Targeted budget funds and development programs will remain in place in 2024 despite the reduction in revenues. The Capital Investment Fund, the Entrepreneurship Development Fund, the Youth Support Fund, the Road Fund, the Agricultural Support Fund, and the Land Reclamation Complex Development Fund will continue their work in 2024. However, their financing as a whole will decrease by 7%, the Minister of Finance noted. Thus, the reduction in the Capital Investment Fund amounted to about 124 million rubles, the Government explained.

The state will continue to subsidize part of the interest rates on preferential loans provided to organizations in priority industries within the framework of the Entrepreneurship Development Fund.

The draft budget provides funds for state support for young families and for the purchase of housing for young families from the Youth Support Fund. The Agriculture Support Fund will also operate. Milk subsidies will be paid to agricultural producers out of the planned 22 million rubles, and subsidies for the purchase of pedigree cattle will also continue.

After discussion, the draft law on the 2024 budget was unanimously adopted by the Supreme Council in the first reading. Work on the law-in-draft will continue in all parliamentary Committees during the next two weeks. All state target programs will be considered and discussed in terms of priority.