Dagestan adopts budget for 2013

The Dagestani budget for 2013 was adopted today at the 17th session of the
National Assembly of the Republic of Dagestan. The draft budget was
developed based on optimistic forecasts of socio-economic development
and improvement of the investment climate in the republic.

As a result, the budget revenues of Dagestan in 2013, including
federal financial aid, are expected to amount to 67.42 billion rubles.

Expenses are expected to reach 69.481 billion rubles. The budget
deficit is expected to amount to 2.061 billion rubles.

Total budget revenues for 2014 are projected to be 1.5% less than in 2013.