The government found a new way to give money to the development of the Arctic and developed the rules for financing the regional development fund, Kommersant writes.
Minvostok Development is responsible for the initiative. The Office offers a new mechanism for the redistribution of budget revenues from the implementation of investment projects in the Arctic.
In relation to certain types of budget revenues, the rate of deductions to the Arctic Development Fund will be 100 percent. It will concern the tax on income, excise taxes on cars and motorcycles, as well as import duties paid to the federal budget by residents of the Arctic zone, which received such status since 2020. They are now numbered 290, and the total investment produced is 333 billion rubles.
Future revenues to the budget from these three types of sources in 2022-2025 are estimated at 180 million rubles. At the same time, the planned volume of the Arctic Development Fund established in 2020 is a billion rubles per year. It is assumed that funds will be sent to socially significant projects, including emergency accuracy resettlement and infrastructure construction.
Also, the Minvostok Development has developed a draft rules according to which the Arctic regions will be able to request funds from the federal budget to co-financing individual projects. Plans for such events will have to receive approval from the Presidium of the State Commission on the Development of the Arctic.