Ulyanovsk region improves inter-budget relations

In 2018, a new type of assistance will be provided in the form of grants to ensure financial security of the expenditure obligations of municipal and district budgets.

 “The government of the region is working to address the issue of financial resources shortage in municipalities. The inter-budget relations, their improvement, is one of the most important spheres of the regional policy and social and economic development of the Ulyanovsk region in general”, - the Governor Sergey Morozov reported.

According to the experts of the regional Ministry of Finance, distribution of grants among municipalities will be performed in two stages: when developing a draft of the regional budget and in the course of its execution.

"We are moving from subsidies to grants so that municipalities of our region could decide how to use their financial resources. These measures will allow to balance budgets of the municipalities as much as possible", - noted Ekaterina Butskaya, the Minister of Finance of the Ulyanovsk region.