Economic potential
FINANCIAL RESOURCES

The Saratov Region has a debit balanced financial result of the activities of large and middle-scale enterprises with the growth of 1,6 times by 2003.

Revenues of the consolidated budget of the region increased by 6,7% against 2003: tax returns – by 3,7%, non-tax revenues – by 35%.

Expenditure of the consolidated budget in 2004 remained socially-oriented. At the increase in expenditure by 12,6% against 2003 allocations for social services amounted to 50%.

CONSOLIDATED FINANCIAL BALANCE OF 2004

Readings million roubles in % by result
1. INCOME
Profit (loss) - balance 9 822,5 17,4

Amortization charges

 9 200,0 16,3

    Tax returns (without profits tax),
    including:

 35 342,3 62,8
    Value added tax 6 834,9 12,1
    Excises 4 090,6 7,3
    Income tax 5 537,3 9,8
    Property tax 2 082,0 3,7
    Severance tax 1 493,2 2,7
    Total income tax 721,7 1,3
    Taxes, charges and dues on natural resources     usage 818,2 1,5
    Taxes and fees for social services
    (single social tax)		 13 146,3 23,3
Non-tax revenues 1 075,3 1,9
Target budget funds 268,6 0,5
Other earnings 604,6 1,1
TOTAL INCOME 56 313,3 100,0
                                           
Readings million roubles in % by result
Balance of financial settlemet
with federal authorities 		-14 924,3  

Funds directed to federal authorities

17 799,0  

    To federal budget

 11 834,2  
    Single social tax taken by state
off-budget funds 		5 964,8  
Funds received from federal authorities 32 723,3  
    From federal budget 20 411,0  
    From state off-budget funds 12 312,3  
TOTAL INCOME 71 237,6  
                              
2. EXPENDITURE
Expenditure of enterprises at the expense
of the profit remaining after tax payment,
as well as at the expense of amortization		 13 560,0 18,3

State investment expenditure, including assets of:

 2 708,1 3,6

    Federal budget

 2 334,0 3,1
    Budgets of subject of federation 374,1 0,5
State subsidies, government grants 7 702,1 10,4
>Expenditure on national security
and law protection 		3 936,3 5,3
Expenditure on social and cultural events,
financed by budget and off-budget funds		 36 767,3 49,6
    including:
Education		 6 784,7 9,1
    Culture, art and mass media 818,0 1,1
    Health care and physical training 4 148,9 5,6
    Social policy 25 015,7 33,7
Other expenditure 9 527,6 12,8
TOTAL EXPENDITURE 56 313,3 100,0
3. INCOME AND EXPENDITURE BALANCE
Excess (+)
or deficiency (-)		 -2 963,8