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Budget revenues of Krasnodar region totalled 194.4 billion rubles in the year 2016

The principal financial instrument of the region valid for the term of one year, without a planning period, without any deficit – for the first time in few years – has been adopted.

According to the Press-Service of the head of the administration (governor) of Krasnodar region, the budget for the next year will be to the extent possible tailored to the current context and balanced in terms of revenues and expenditures. Many expenditure items were subject to optimization; however, these cutbacks failed to address the social sphere. All lines of support of the Agro-industrial complex are preserved too. The public support of small-scale businesses and the construction of industrial parks are envisaged.      

As a reminder: it is expected to construct 8 industrial parks in total across Kuban – specially prepared investment sites, delivered, as the saying goes, on a turnkey basis and enabling to ensure the production startup and minimize the investor costs within the shortest time period. Such facilities are to be constructed in Krymsk, Pavlovskaya, Gulkevichi, Ust-Labinsk, Apsheronsk districts and in the cities of Krasnodar and Armavir.

Source - Investment portal of Krasnodar region