Digest, february 2014
16
01. Краткий анализ текущей ситуации 1 MOSCOW SOCIAL AND ECONOMIC DEVELOPMENT IN 2013 Digest under support of Department of Economic Policy and Development of Moscow and Analytical Center of Moscow February 2014 | No.1(1)
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Transcript of Digest, february 2014
01. Краткий анализ текущей ситуации 1
MOSCOW SOCIAL AND ECONOMIC DEVELOPMENT IN 2013
Digest under support of Department of Economic Policy and Developmentof Moscow and Analytical Center of Moscow
February 2014 | No.1(1)
TABLE OF CONTENTS
1. Russia, Moscow and other cities of the world............................................. 6
2. Industry..................................................................................................... 10
3. Power consumption.......................................................................................... 12
4. Construction................................................................................................. 13
5. Transport........................................................................................................ 14
6. Wholesale........................................................................................................... 15
7. Retail................................................................................................................... 16
8. Business Financial result................................................................................. 17
9. Business loans................................................................................................... 18
10. Fixed assets investments................................................................................. 19
11. Business activity............................................................................................... 20
12. Population expenses....................................................................................... 22
13. Population income............................................................................................ 24
14. Budget revenues............................................................................................... 26
15. Budget expenditures........................................................................................ 27
Digest under support of the Department of Economic Policy and Development of Moscow and Analytical Center of Moscow “ON SOCIAL AND ECONOMIC DEVELOPMENT OF MOSCOW IN 2013” Address: 119019, Moscow, Novy Arbat str., 15 Tel: +7 495 691 2898 Fax: +7 495 691 2898
Publishers: Analytical Center of MoscowWriting Team Manager:M. G. Reshetnikov – Minister of Moscow GovernmentExecutive Editor: S. S. NovikovWriting Team: D. A. Andreeva, D. S. Anokhin, A. N. Bochkarev, A. A. Bykova, S. N. Gavdifattova, M. A. Khil, I. A. Zakharchenkov, V. K. Laykam, I. V. YakimenkoProofreader: A. E. VarchevaDesign: K. S. Erdakov
Moscow social and economic development in 2013 | February 2014 | No.1(1) 6 7
1. RUSSIA, MOSCOW AND OTHER CITIES OF THE WORLD
Moscow is the largest city of Europe and one of the largest cities of the world.
In terms of social and economic development Moscow is comparable with or ahead of other capitals of the world.
Fig. 3. Difference of Moscow’s GRP structure from average metropolis
Fig. 4. Moscow’s GRP structure
Fig. 2. Average life expectancy by cities, years, 2013
Fig. 1 GRP by purchasing power parity per capita by city , thous, USD, 2013 (estimated)
Moscow’s structure of the economy is also comparable with the world’s largest metropolitan areas
Significant deviation of share of retail and
wholesale is determined by the accounting in Moscow
of income from sales of oil and gas. On the other hand financial sector of
the city is underestimated, as considerable share of added value in Moscow’s
financial sector is accounted by the Federal State Statistics Service
only at the country level and not distributed
between the regions.
2,24
2
in comparable prices
Average life expectancy for the last 3 years
and reached average European level
years
Moscow’s GRP increased
increased for more than
46,3
76,0
London
London
Warsaw
Warsaw
Istanbul
Istanbul
Prague
Prague
Madrid
Madrid
Moscow
Moscow
51,5
23,1 47,7 40,0
79,3
79,0
76,0
79,0
81,4
48,0
-5,53,6
-3,5-2,7
21,8%7,4%2,4%
2,6%4,0%
5,6%
8,4%
9,3% 38,5%
4,021,3
-10,5-6,7
1. Manufacturing industry without processing of mineral raw materials
2. Production of oil products
3. Construction
4. Transport and communications
5. Production and distribution of electric power, gas, water, including other services
6. Trade, repair
7. Entrepreneurship and finances
8. Health care, education, state administration
Manufacturing of oil products Health care, education, state administration
1
2
3
4
5
6
7
8
1. Russia, Moscow and other cities of the world
Manufacturing industry without processing of mineral raw materialsProduction and distribution of electric power, gas, water
Rendering of other utility, social and personal services
Construction
Entrepreneurship and finance
Trade and repair
Transport and communications
times for the last 15 years
Moscow social and economic development in 2013 | February 2014 | No.1(1) 8 91. Russia, Moscow and other cities of the world
Under the unfavorable economy
fluctuations, Moscow remains the city of stable
social and economic development.
Concentration of assets of operating financial institutions,
carrying out their activity in Moscow, is almost 90%.
Such a high concentration is explained by the degree of
development of Moscow’s financial sector as well as by the fact
that head offices of the largest Russian raw materials and logistic
companies are registered in the city.
101,3% 100,2%
60%Moscow
Moscow
Moscow
RussiaOther Russian regions
Russia’s GDP growth in comparable prices
Moscow’s GRP growth in comparable prices
(estimated)
Fig.5. Comparison of Moscow with Russian Federation in terms of key social and economic indicators, 2013 as compared to 2012
1. Fixed investments
2. Volume of shipped products
3. Construction
4. Retail turnover
5. Official unemployment rate
6. Nominal salary
7. Population per capita income
9,2-0,3
21,2
6,2
3,5
0,35
13,3
14,3
6,7
-1,5
3,9
1,2
12,3
10,7
11,3%
40,4%
88,7%
59,6%is concentrated on the accounts of institutions, located in Moscow.
About
Other Russian regions
73%
Share of banking deposits of legal entitiesin Moscow comparing to the country’s total.
37%
Share of deposits ofphysical persons
in Moscow comparing to the country’s total.
of funds of all legal entities in Russia
In Moscow 489 financial institutions carry out their activity, or more than a half (53%) of all financial institutions operating in Russia.
1
2
3
4
5
6
7
Moscow social and economic development in 2013 | February 2014 | No.1(1) 10 112. Industry
2. INDUSTRY
Official statistics data is controversial and precludes objective evaluation of the commenced processes of structural reorganization of the city’s
economy. For example, starting from the fourth quarter of 2012 and to the present day one may observe the mismatch in dynamics
of the industrial production index and the volume of shipped products of manufacturing industry.
Continious growth of shipment volume despite the industrial production volume decline is explained by the fact that production facilities are located
outside of Moscow yet shipments are accounted by the statistical bodies at the location of the enterprise head office. Besides, enterprises have
shifted to manufacturing of products with greater added value. Statistics, unfortunately, lags behind in terms of adjusting the accounting method
for industrial production index according to the new structure of products, manufactured by the city enterprises.
Fig. 9. Dynamics of indices of industrial production and volume of shipped products of manufacturing industry, 2012-2013, % (in comparable prices, for the full range of manufacturing industries)
According to statistics, there is a reduction of production volume in oil refining by
Oil processing depth totaled
At the same time, the largest manufacturer of oil products in Moscow – Moscow Oil Refinery – processed
2012, million
tons
2013, million
tonsGrowth
Light oil products 5,95 6,2 +4,2%
Including:High-octane gasoline 2,1 2,3 +9,6%
Jet fuel 0,6 0,7 +6,5%
Bitumen 0,7 1,07 +48,1%
In the total volume of shipments of Moscow’s
manufacturing industry the share of oil processing is above 50% and
fully determines the dynamics of the city’s industrial production.
Volume of shipped products index, deflated by the producer price index, reflect the situation in industry more adequately.
3,7%
3,8%
11,08
72,3%
M. tons of oil in 2013, –
more than in the previous year.
Index of actually shipped products
Industrial production index
120
130%
I qua
rter
I qua
rter
2012 2013
Six
mon
ths
Six
mon
ths
9 m
onth
s
9 m
onth
s
year
year
110
100
Source: Moscow State Statistics Service
90
80
104,1
100,1 99,6 98,5
102,5 106,7120,9
125,9
101,0
103,1 100,9 101,4
86,3 86,2 86,9 87,5
Moscow social and economic development in 2013 | February 2014 | No.1(1) 12 133. Power consumption | 4. Construction
3. POWER CONSUMPTION 4. CONSTRUCTION
Electric power consumption dynamics is based on data of Mosenergosbyt (Moscow Power Service Company), which covers more than 96% of the total
useful volume of electric power output within the city boundaries.
Rapid growth is observed in
construction. In 2013 about 8 mln. sq.m of the total area were put into operation by all sources of
financing, including 3 mln. sq.m (3.13) of housing, which is by 2.7% more than in
previous year (3.05).
Indirect proof of the on-going structural reorganization of the economy is the dynamics of electric power consumption. Consumption:
40,56
+0,9 bln. kW/h
Consumption growth:
bln. kW/h (+2.3%)
Fig. 8. Share in the total area of commissioned construction objects, 2013, %
Fig. 9. Dynamics of work scope in “Construction” type of economic activity.
Housing
Administrative objects
Trade and services
Transport infrastructure objects
Social infrastructure objects
Other
80
100%
60
40
20
2012.
2011
2013mln. kW
2012 2013
+74,9
-89,9
-24,0
+841,4
+62,5
+34,4
+1,1%
-0,9%
-0,9%
+4,8%
+9,6%
+1,5%
Construction
Other consumers (including offices, trade and business centers)
Consumers referred to “population” tariff group (utility service suppliers, housing cooperatives, housing associations, management companies, intermediaries in electric power transfer)
Population
Electric city transport
Industrial consumers
2,792 city development plans for land
plots were issued.
Growth: +37.9%.
16,8% 16,6%
5,8% 5,7%
24,4%23,6%
6,8%6,6%
44,6% 45,7%
1,6% 1,8%
80
100
120%
60
40
20
97,2 101,0 106,2
1211housing were put into
operation in the territory of new Moscow.
thous. sq. m of 1921 thous.
sq. m of housing were put into
operation in the territory of old Moscow.
The scope of construction works increased by 6.2% in comparable prices and totaled 635.9
bln. rubles.
Fig. 7. Dynamics of power consumption in Moscow, 2013 as compared to 2012
Construction share in Moscow’s GRP
2,4%
In the electric power distribution the share of industrial consumers decreased, while power consumption grew by 1.1%.
At the same time the share of consumption by offices, trade and business centers increased, with power consumption growth by 4.8%.
15,5%
11,9%
13,2%14,8%
39,1%5,5%
Moscow social and economic development in 2013 | February 2014 | No.1(1) 14 155. Transport | 6. Wholesale
5. TRANSPORT 6. WHOLESALE
Passenger traffic numbers are growing for all types of transport. During the last year about 4.6 bln. people were carried. The leader is metro – 2.5 bln.
people. The largest growth of passengers as compared to 2012 is registered for suburban railway - 4.8% and city public transport – 1.9%.
Freight turnover for the year increased by
and totaled Growth:
16,9%
4,6 +3,1% trn t-km.
33,6Cargo volume carried by motor vehicles in 2013
mln. t
Share of transport and communications
in Moscow’s GRP
9,3%
Fig. 10. Volume of carriages in 2013 per type of transport, number of carried passengers, bln. people
Fig. 11 Wholesale turnover dynamics
2010 2011 2012 2013950,2
296
497
0,6
6
98
8
991,0
10
100
12
101
1,4
14
102
16
103
1,8
18
104
20
105106107108109110%
2,2
2,6
bln. people
trn. rub.
2,5 ( +1,0%)
12,015,2
17,1 18,1
( +1,9%)
0,7 0,2
0,3 1,1
( +4,8%)
Metro
Tram
% - growth as compared to 2012
Trolleybus
Bus
Suburban railway transport
Land city transport:
Wholesale turnover in current prices, trn. rub.
Wholesale turnover dynamics in comparable prices, % as compared to the previous year.
96,8
106,1
103,5105,2
Wholesale share in Moscow’s GRP
Wholesale turnover growth totaled +5.2% in 2013.Commodity turnover totaled 18.1 trn. rubles.
Wholesale share in the total trade turnover is 81.0%.
30,5%
The major players of the wholesale market (according to Spark-Interfax) are JSC “Gazprom” – 7.8%, JSC “Lukoil” – 3.2%, JSC “Inter RAO” – 2.1%,
LLC “Metro Cash and Carry” – 1.3%, “JTI-MP” (division of Japan Tobacco Inc.”) – 1.1% (in % of the total wholesale revenue). Wholesale growth
is due to the registration in Moscow of the largest distributors of oil and gas processing industry.
Moscow social and economic development in 2013 | February 2014 | No.1(1) 16 177. Retail | 8. Financial result of enterprises
7. RETAIL 8. FINANCIAL RESULT OF ENTERPRISES
At the same time there are industries in the city’s economy which didn’t impair but, on the contrary, improved their financial indicators. These are the production of transport means and equipment and manufacturing of
wood products. Negative developments are concentrated around the sector of large corporations. Such corporations, by all means, influence the general
climate in Moscow, but do not determine it.
Reduction in growth rate of the country economy influences the city economy. In particular, it influences the financial result of city enterprises.
Fig. 15. Dynamics of enterprise income per all types of economic activity
Fig. 14. Turnover of organised retail
Fig. 16. Dynamics of finacial result of enterprises per branches of manufacturing indsutry, 2013 as compared to 2012
2013
2012
0,51,01,52,02,53,0bln. rub.
0,571,57
1,061,93 2,14
(-21,0%)(-19,3%)
(-32,7%)(-38,3%)
2,392,71
0,93
1. Production of transport means and equipment
2. Wood processing and manufacturing of wood products
3. Production of machines and equipment
4. Chemical production
5. Metallurgy
6. Production of food products
7. Manufacturing of oil products
-21,3%-109,2%
-7,0%
87,9%
-37,6%
64,9%
-75,4%
1
2
3
4
5
6
7Moscow’s share in the
total Russian retail turnover is steady and totals 17%. The retail turnover per capita reached 333 thous.
rubles (9.3% growth) which is 2 times
higher than the figure for the country.
Organised retail is developing at higher
rates (+4.5%).
Increased volume of retail trade is due
to the income growth of Moscovites and stable consumer demand of the
population.
Retail growth in 2013 totaled
Retail turnover totaled
as compared to 2012 (in comparable prices).
103,5%
4017bln. rubles.
280029003000310032003300
3400bln. rub. (+4,5%)
3270,1
Fig. 12. Retail turnover
2013
2013
2013
2012
2012
2012
360037003800390040004100
4200bln. rub.
(+3,5%)
3639,7
4017,0
Fig. 13. Turnover of non-organised retail
700710
720
730750770790bln. rub.
(-0,1%)
708,8
2930,9
746,9
Retail share in Moscow’s GRP
8%
% - growth rate, in comparable prices, 2013 as compared to 2012
% - growth rate, in comparable prices, 2013 as compared to 2012
% - growth rate, in comparable prices, 2013 as compared to 2012
I quarter 6 months 9 months 12 months
Moscow social and economic development in 2013 | February 2014 | No.1(1) 18 199. Business loans | 10. Fixed investments
9. BUSINESS LOANS 10. FIXED INVESTMENTS
Overdue loan debt of Moscow enterprises totaled
Total loan debt of Moscow enterprises was
with the growth by
311
8,5
8%
bln. rubles
trn. rubles
The profit reduction of enterprises takes place while their loan debt increases by 12% according to results of 2013. Total loan debt
of enterprises in Russia was 22.2 trn. rubles.
The inflow of fixed investments keeps on increasing, despite the decline in financial results. The growth of investments in Moscow totaled 109.2% in comparable prices against the background of a decline in investments in the country as a whole (99.7%). The volume of investments totaled 1.4 trn. rubles.
Large share of investments (54.7%)
in acquisition of machines, equipment, transport means, also
proves structural changes in the city’s economy, connected
with the application of new technologies.
Fig. 17. Loan debt of legal entities and individual entrepreneurs
Fig. 19. Volume of investments in current prices
Fig. 20 Structure of fixed investments, 2013
Fig. 18 Overdue loan debt of legal entities and individual entrepreneurs
2010 2008
2010
2011 2009
2011
2012 2010
2012
2013 2011 2012 2013
2013
1200 20
50
2400 40
100
3600 60
150
4800 80
200
51000 100
250
61200 120
300
71400
1600
140
160
350
8
400
9trn. rub.
bln. rub. %
trn. rub.
(+27%)
(+55%)
(+16%)
(+7%)
(+12%)
(+8%)
5,1
962,5
102,5%76,4%
95,8%106,6%
133,1%109,2%
742,4 732,8 856,4 1220,1 1412,1
1,3% 7,0%
37,0%
54,7%
174
6,5
269
7,5
287
8,5
311
% – loan debt growth rate
Volume of investments in current prices, bln. rub.
Dynamics in comparable prices, %
% – loan debt growth rate
Housing
Other
Machines, equipment, transport means
Buildings (except housing) and structures
The share of overdue debt in the total debt does not exceed 4%.
Moscow social and economic development in 2013 | February 2014 | No.1(1) 20 2111. Business activity
11. BUSINESS ACTIVITY
Legal entities registered about
40 thousand titles.
Growth of registered enterprises and
organizations in 2013 totaled 23.5% as
compared to 2012.
In 2013 business activity in Moscow is steady and remain quite high, despite of economy growth pace slowing down.
Demography of organizations was significantly influenced by activity of tax authorities concerning liquidation of fly-by-night companies.
Fig. 21 Registration of rights, restrictions and transactions, Moscow, thous. units
Fig. 22. Registration of rights, restrictions and transactions, Russia, mln. units
Fig. 23. Registration of title by legal entities, Moscow, 2013, thous. units
Fig. 25. Change in number of individual entrepreneurs, thous. units
Fig. 24. Change in number of legal entities, 2012-2013, thous. units
2013
2013
Non-residential premises
Land plots
Growth in 2013
2012
2012
Residential premises
Registered
Registered
Liquidated
Liquidated
3,5%
3,9%
208,61102,5
The number of registered rights and transactions, closed in the territory of Moscow
The number of registered rights and transactions, closed in the territory
As of January 01, 2014
increased by
reduced by
thous. individual entrepreneurs were registered
thous. legal entities,
800
40
1000
50
thous. units
mln. units
Total
Total
Legal entities
Legal entities
600
30
400
20
200
10
+3%
+3%
+14%
867,1
2,88
22,4
897,4
2,87
145,0
26,54
146,5
25,51
13,6
3,6
150
45
thous. units
2012 2013
thous. units.
100
30
50
15
50
-15
-100
-30
-150
-45
101,4
33,2
-63,6
-21,4
125,2
28,9
-118,5
-33,6
+37,8
+11,8
+6,7
-4,7
-0,5%
-3,9%
Moscow social and economic development in 2013 | February 2014 | No.1(1) 22 2312. Personal spending
12. PERSONAL SPENDINGConsumer behavior of citizens has changed – there is a clear tendency in favor of saving.
Growth of expenses on mandatory payments is not connected with
personal spending on payment for housing and public utilities.The city economic situation determines the population living standard,
which is characterized by positive dynamics of spendings of Moscovites.
In 2013 the personal spending as a whole increased by 972 bln. rubles (+12.2%) and totaled 8.94 trn. rubles.
There is a tendency to increased “debt load” of Moscovites. According to the results of 2013 the volume of loan debt increased by 19% and totaled
1.31 trn. rubles. Thus, about 96 thous. rubles of (mortgage and consumer)
loans fall on each citizen, which may be the evidence of an increased
confidence of Moscovites in the future.
Fig. 26 Personal spending
1. Growth of savings in deposits and securities
2. Payments for goods and use of bank cards abroad
3. Changes in amounts on accounts of natural persons – entrepreneurs
4. Mandatory payments and voluntary contributions, including taxes and interests on loans.
5. Purchase of housing
6. Purchase of goods
7. Payment for services, including housing and public utilities
8. Purchases of foreign currency
0 % 510 -5 1020 1530 2040 2550 3060 35 40
29,3% +148,2 bln. rub.
28,3% +127,0 bln. rub.
22,2% +13,5 bln. rub.
16,6% +158,8 bln. rub.
8,9%
5,1%
0,9%
11,4%
7,4%
46,2%
13,1%
7,0%
11,4% +63,6 bln. rub.
10,1% +413,4 bln. rub.
8,3% +84,9 bln. rub.
-3,1% -20,8 bln. rub.
Dynamics of personal spending, 2013 as compared to 2012
Structure of personal spending
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8 average rate of income growth – 12,2%
Fig. 27. Structure of personal spending on services
Fig. 28. Structure of personal spending on mandatory payments
Fig. 29. Volume of loans to natural persons, including mortgage and consumer loans
2013
2013
2013
2012
2012
2012
Housing and public utilities, services of
hotels
Taxes and duties
Transport services
Insurance payments
Communication services
Interests on loans
Other payments
Other payments
200
200
400
400
600
600
800
800
1000
1000
1200
1200
bln. rub.
bln. rub.
193 298
560
137 138 34
337
639
190 18916
298
1197
(+16 )
(+50 )
284
1105
177
bln. rub.
bln. rub.
Growth (+3,5%)
1,11,31bln. rub.
bln. rub.
Moscow social and economic development in 2013 | February 2014 | No.1(1) 24 2513. Personal income
13. PERSONAL INCOME
Based on rapid income growth of Moscovites one can see that situation in the city is stable and favorable. According to preliminary estimates,
per capita personal income in 2013 reached 55.6 thous. rubles per month. Growth – by 14.3% (by 7.1% in comparable prices).
In the structure of income of Moscovites
the share of salary (44%) and social
payments (12.6%), which today are about 2/3 of the total volume of income, is increasing.
The income from business activity of Moscovites totaled
about 6%.
Average salary is 56.3 thous. rubles. Doctors and teachers in Moscow are in the top five of the most high-paid professions
Fig. 30. Dynamics of cash income per capita
Fig. 31. Structure of personal income
Cash income of Moscovites is more than 2 times higher
than average Russian level and is comparable
with income level in the cities
of Eastern Europe
2010 2011 2012 2013
Finances
Activity in the field of law, accounting, audit
DoctorsActivity connected with computing equipment
Production and distribution of power, gas and waterTeachers
State administration and military security personnel
Scientific researches and developers
Other lease services and business services
Wholesale, except motor vehicles
Sale of motor vehicles
Education**
Manufacturing activities
Health care and rendering of social services***
Average salary – 56.3 thous. rub.
20 40 60 80 100
110,8
75,2
72,971,8
66,3
58,4
56,8
54,552,0
51,7
50,9
50,1
50,1
48,0
73,6
70,4
Operations with real estate
Construction
Other
Total number of employees per types
of economic activity, shown in the diagram,
represents 100% of average staffing
number of organizations (4.7 mln. people) and
68% of employees in Moscow economy
(6.9 mln. people)
Average salary in the city, excluding employees of large
organizations and their management structures –
42 thous. rub.
*The column width depends on average staffing number per types of economic activity, thous., people (the share of average staffing number is indicated within the brackets, %) **Excluding teachers ***Excluding doctors
Transport and communication
Other utility, social and personal services
10
20
30
40
50
60
70thous. rub
(+7,4%) (+3,6%) (+14,3%)
44,1
12,6%
14,2% 44,0%
23,5%
5,7%
47,3 48,655,6
% - dynamics of personal income
Salary
Social payments
Income from property
Income from business activity
Other income
Fig. 32. Salary level in economic sectors
600,2 (12,7%)
355,8 (7,6%)
173,1 (3,7%)
292,6 (6,2%)
335,4 (7,1%)
316,5 (6,7%)
524,1 (11,2%)
143,5 (3,1%)199,6 (4,2%)
356,5 (7,6%)
256,7 (5,5%)
234,9 (5,0%)
75,4 (1,6%)127,1 (2,7%)
249,3 (5,3%)
327,2 (7,0%)
53,7 (1,1%)
32,8 (0,7%)
45,8 (1,0%)18,7%
Average monthly salary, thous. rub.
39,5
37,7
Moscow social and economic development in 2013 | February 2014 | No.1(1) 26 2714. Fiscal revenues | 15. Fiscal expenditures
14. FISCAL REVENUES 15. FISCAL EXPENDITURES
The structure of tax revenue has changed. The leader in terms of proceeds is the tax on income of natural persons, but not the tax on income of organizations. The reduction of income tax share significantly reduces the influence of market fluctuations on the city economy. Moscow budget gets the “second bearing point” and becomes more stable and adequate to the current stage of the city development.
The formation of the “third bearing point” is on-going, which is the introduction of tax on shopping and office premises according to their cadastral value. Not only will it improve the city’s budget but also create equal competitive conditions for all market participants. At the same time business conditions will be unified and become more transparent thus improving the city’s investment attractiveness.
Fig. 33. Dynamics of tax and non-tax fiscal revenues
Fig. 34. Structure of fiscal expenditures
Non-tax revenue
Income tax (gas, oil)
Other tax revenue
Health care
Tax on income of natural persons
Education
Culture
Moscow sportSocial support for citizens
Share of social expensesHousing
Transport system development
Development of utility and engineering infrastructure
Promotion of economic activityOther expenses
Income tax (other)
2010 2011 2012 2013
200
400
600
800
1000
1200
1400
1600bln. rub.
1084
41% 43% 39% 34%
1319 1402 1442
7%
9% 7% 11%
12%12% 13% 14%
40%36% 38% 41%
26% 29% 29% 27%
15% 14% 10% 7%
Moscow’s budget, being of social orientation, remain the budget for development.
61,0%2,8% 1,7% 9,0%
933,7 3,4 95%
1,5 157
of Moscow’s fiscal expenditures, or
Growth of fiscal revenues totaled
Tax revenue increased by Non-tax revenue increased by
and totaled about 1.3 trn. rubles.
and totaled 158.1 bln. rubles.
Social support is rendered to almost every third Moscovite or more than
About
Fiscal expenditures remained stable and totaled more than
There are
of all budget expenditures are provided within the framework of corresponding state programs.
state programs, corresponding to
development priorities, being implemented in the city.
were spent on social needs of its citizens.
bln. rubles
mln. persons.
trn. rubles.
1529 bln. rub.
61,0%
933,7bln. rub.
12,3%
16,0%
2,3%2,4%
19,0%7,6%
20,4%
2,8%1,0%
16,2%
Department of Economic Policy and Development of Moscowwww.depir.ru
Analytical Center of Moscow
