Formation of regional budget in crisis
As is known, in December 2009 Legislative Assembly enacted a law «On Regional Budget for 2010». The budget is formed by the conservative scenario, based on projected economic growth of 2.5%. The analysis of the main financial area of the law, conducted by ITSED RAS, showed that the current year will be a serious test of the regional budget system. The budget deficit of the Vologda region is the highest among the donors regions. It is 28%. Nevertheless, despite the tense situation, the reserves increase revenue and reduce costs in the area are available.