Deputies' amendments lead to deficit in budget of Karachay-Cherkessia

Deputies' amendments lead to deficit in budget of Karachay-Cherkessia

The parliament of Karachay-Cherkessia has introduced a number of amendments to the republic's budget for 2016, a representative of the republic's legislative assembly said.

In accordance with the amendments, income is to increase by 224.88 million rubles, and it will amount to 13.72 billion rubles. At the same time, expenses will rise to 533.84 million rubles and reach 14.33 billion.

As a result, the budget, which previously operated without a deficit, will be scarce, Interfax reports.

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