"Russia's Finance Ministry together with Dmitry Kozak have put us in very tught limits. The fulfillment of the revenue part of the budget will be divided: 70% will remain with us, and we can distribute it, while 30% will be spent for the repayment of subsidies," Crimean "Finance Ministry chief" Vladimir Levandovskiy said.
According to Levandovskiy, the Ministry of Finance of the Russian Federation firces the Crimean government to plan the costs so that no changes are introduced over the year. "They have found a method: if we make adjustments, and they see that is incorrectly planned expenditures, therefore, this sum will be spent for the repayment of subsidies, and if they see that it was done for objective reasons, they will allow us to leave 50%, while 50% will [still] be spent for the repayment," he said.
Read alsoRussia allows recovering debts of Crimean residents to Ukrainian banks. In rublesLevandovskiy said that in other regions the budget couldn't be adjusted after its approval. "Other regions approve the budget once and, in the worst case, it can be adjusted once or twice in the second half of the year. We will also strive for this, but we understand that in any case, next year, as it was this year, the budget will be revised often."
Read alsoCrimea's Aksyonov refuses to comply with Medvedev's orderIt is expected that the budget revenues of Crimea for 2016 will amount to RUB 67.4 billion, while the expenses will amount to RUB 86.65 billion ($1 trades for nearly RUB 70).