After the decline of tax revenues to the regional Treasury in the first half of this year.
In the first half of current year revenues to the regional budget formed below the level of last year. The main reason for the decline in tax and non-tax revenues was a reduction of revenues from the tax on profit of organizations, the excise tax, transportation tax. A significant impact on the mobilization of tax on profit of organizations had the presence of overpayments, refund and offset which is not provided actual income tax in the budget in the first half of this year. Reduction in excise duties on alcoholic beverages is associated with a decline in production of excisable alcoholic beverages. The decrease in revenue for the transportation tax due to the change of term of payment of property taxes individuals at a later on December 1. However, for 8 months in 2016 for several major revenue sources have developed revenue growth compared to the same period last year. It is a tax on the income of natural persons (by 0.9 billion or by 10.3%), excises on beer and oil products (1.8 billion (31.9 percent), tax on property of organizations (by 0.2 billion or by 8.6%). Gradually overcome the negative trend of revenues from the tax on profit of organizations to the budget of the Tula region. The decrease in revenues from the tax on profit of organizations for 8 months in 2016 was decreased from 33% at the beginning of the year to 82%, which indicates stabilization of the situation with the receipt of this income source. As a result, the tax and non-tax revenues of the budget of the Tula region as of 1 September 2016 amounted to 32.6 billion rubles and amounted to 101 percent of income 8 months of last year. As noted by the Ministry of Finance of Tula region, the existing dynamics of own revenues of the budget of the Tula region for 8 months of the current year can be traced to the possibility of growth of tax and non-tax revenues in the regional budget for the third and fourth quarters.
Perhaps the key phrase in the press release of the regional government is “there is the possibility of growth of tax and non-tax revenues”. With this formulation it is difficult not to agree, because it looks fair. And even if in the end the growth will be, no one promised.
