Trans-Baikal Territory unveils 2026 budget with social spending and fiscal reforms
The Trans-Baikal Territory in Russia has outlined its budget for 2026, with key spending priorities focusing on public-sector worker salary increases, social benefits, scholarships, and support for various groups. The budget projects a deficit of 12.2 billion rubles.
The region aims to manage its budget efficiently, with a financial incentive fund for this purpose. However, the size of this fund remains unspecified in available sources.
The municipal support fund will grow by 6.8%, receiving an additional 173 million rubles to boost efficient budget management and tax revenue collection. This growth reflects the region's commitment to improving its fiscal management.
Revenue redistribution will benefit local governments, with Chita receiving an extra 1.3 billion rubles from the 2.7 billion rubles in PIT revenues. This allocation aims to ensure fairer distribution of funds among local areas.
A significant portion of the budget, 45.9 billion rubles, will be transferred to local budgets, with 23 billion rubles earmarked for municipal needs. This allocation highlights the region's focus on improving local infrastructure and services.
In a move to support less affluent areas, the Kalarsky, Gazimuro-Zavodsky, and Mogochinsky districts will return 983.3 million rubles to the regional budget. This redistribution aims to ensure a more equitable tax base distribution across the territory.
The Trans-Baikal Territory's budget for 2026, with projected revenues of 155.6 billion rubles and expenditures of 167.8 billion rubles, reflects the region's commitment to supporting its citizens and improving its fiscal management. Despite the projected deficit, the budget prioritises social spending and local development.
