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Russia-backed Tskhinvali Authorities Adopt 2020 Budget

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On December 4, occupied Tskhinvali Region/South Ossetia’s ‘legislature’ adopted “the 2020 state budget,” that sets the overall budgetary revenues at RUB 7.58 billion (USD 118 million), of which RUB 6.22 billion (USD 97 million) or 82 percent of the total revenues, is to be funded by the Russian Federation.

RUB 4.72 billion (USD 73.5 million) of Moscow’s funding will be spent “on social-economic development,” while the remaining RUB 1.5 billion (USD 23.4 million) on “the investment program.”

The region’s own income is projected to constitute RUB 1.5 billion (USD 23.4 million) in 2020.

The region’s budget for 2019 amounts to RUB 8.74 billion (USD 127 million), of which RUB 7.45 billion (USD 108 million) was transferred from Moscow. RUB 4.66 billion (USD 68 million) of Russian subsidies is being spent for the region’s “socio-economic development,” while the remaining RUB 2.79 billion (USD 40 million) is being used for implementing “the investment program.”

This post is also available in: ქართული (Georgian) Русский (Russian)

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