What we earn, we spend it immediately

The current socio-economic situation in the republic, the reasons for the payment of wages to public sector employees and pensions amounting to 70%, measures to stabilize the economic situation were discussed during the information hour of the executive authority. The First Deputy Prime Minister Maya Parnas delivered the main report. She stopped at the main factors that negatively affect the socio-economic situation caused by both external factors and internal issues. The decline in industrial production and sales in foreign markets led to lower revenues in the budget and extra budgetary funds. 110 million rubles a month is required to finance budget sector wages, while the state treasury taxes received 84 million rubles in January, 76 million rubles in February. Let’s remember that the situation in economic started to deteriorate last year, in the current situation was worsened in January-February; exports fell by 26%, import - by 20%.

The anti-crisis measures program was developed to exit from difficult socio-economic situation. It is necessary to unite the efforts to improve the situation in the republic on this basis.

The discussion within the Information hour of executive continued in closed session.

Deputies of the Supreme Council adopted a resolution following the discussion in the plenary of information, provided by the Government. One of the points of the document was the appeal to the prosecutor to check the legality of decisions and the facts of non-payment of salaries to state employees and pensions in full (70%), from the beginning of March 1, 2015. 14 calendar days term is given for it.