Putin instructed Medvedev to consider increasing of financing for North Caucasus

Putin instructed Medvedev to consider increasing of financing for North Caucasus
Vladimir Putin, Dmitry Medvedev, Ramzan Kadyrov Photo: RBC

Earlier, the Head of Chechnya, Ramzan Kadyrov criticized the Russian Finance Ministry's proposal to reduce the budget of the Republic, calling it unacceptable.

The Russian President Vladimir Putin instructed the Government headed by Dmitry Medvedev to consider the possibility of increasing funding of the North Caucasus and before October 15, 2017 to submit prepared proposals, said a report published on Tuesday, November 1, on the Kremlin website.

"To consider the possibility of increasing the volume of financing of the Russian Federation the state program "Development of the North Caucasus Federal District" for the period up to 2025", the text of the instructions to the government said.

The relevant report is requested to submit to the President before October 15, 2017. The Prime Minister Medvedev is responsible for the execution of the order.

Earlier, Medvedev at the meeting of the Government Commission on the socio-economic development of the North Caucasus Federal District noted that the socio-economic situation in the district as a whole has improved, but unemployment in many regions remains high. He called to focus on attracting investment and stimulating production.

On the eve, on October 31, the Head of Chechnya Ramzan Kadyrov criticized the Russian Finance Ministry's proposal to reduce the budget of the Republic, calling it unacceptable. On his page on Instagram, Kadyrov wrote that if the practice of budget cuts will continue, the Republic "will not be able to develop, fulfill its social obligations."

A month earlier, on September 30, Kadyrov has supported the Finance Ministry’s proposals on the redistribution of the revenues from the profit tax for the benefit of poorer regions. Then the Head of the Republic considered Chechnya as a relatively rich region. On September 23, the Finance Minister Anton Siluanov announced the Ministry’s decision to reallocate the 1% of income tax from the wealthy regions of the country in 2017 in favor of the poorer ones.

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