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Developing Intergovernmental Fiscal Relations in Tver Oblast: Overview and Principles (2005-2006)

This presentation outlines the general principles governing intergovernmental fiscal relations in Tver Oblast as of 2005. It discusses the tax assignment and shares designated for municipalities for the year 2006, which include various financial support funds like the Capitation component from Personal Income Tax (PIT), fiscal capacity equalization grants, and several funds aimed at supporting municipal development and financial stability. Additionally, it reviews changes in fund compositions in line with the Russian Budget Code and highlights key financial strategies aimed at enhancing local budgets amid systemic reforms.

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Developing Intergovernmental Fiscal Relations in Tver Oblast: Overview and Principles (2005-2006)

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  1. Presentation On General Principles of Developing Intergovernmental Fiscal Relations in Tver Oblast as of 2005

  2. Taxes and Tax Shares Assigned to Municipalities in 2006: 40% 40% 25% 15% 30% 30% 20% 10% 10% 10% 5% 5% 5% 5% 5% 0% 5% 5% 0% 5%

  3. Funds for Financial Support Fund for Financial Support to Districts (Cities), Capitation component (additional shares) 5% of PIT; Fiscal capacity equalization grant; Regional Fund for Financial Support to Settlements, Capitation approach (additional shares) 5% of PIT; District Fund for Financial Support to Settlements, Fiscal capacity equalization grant; Social Expenditures Co-Financing Fund, objective: subsidies to the most important and high-priority expenditures on local budgets. Municipal Development Fund, Objective: shared financing of municipal programs and investment projects that are crucial for development of the region. Fund for Local Finance Stabilization, Objective: partial compensation of losses to municipal budgets sustained due to the migration to a new system of intergovernmental fiscal relations. Fund for Municipal Finance Reform, Objective: competitive allocation of subsidies to municipalities that implement their reform agendas Compensatory Fund, Objective: to finance subventions to implement federal and regional laws that relate to social sector.

  4. Composition of Funds for Financial Support 2 0 0 5 2 0 0 6 Changes in the Funds’ composition in line with the Budget Code of the Russian Federation (ratio (FFS+MDF+SECF)/(SF+FMFR) 2005 - 70%/30%. 90%/10% - 2006 • increase in SECF, MDF, FFS. • reductions in Stabilization Fund;

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