Moscow City Duma approves Moscow’s budget in the final reading

04 December 2017

Following the debates, the city councillors pointed out that the budget envisaged funding for an unprecedented expansion of social spending and large-scale urban development projects. The expenditures portion is programme-based, as it secures funding for 14 government programmes in the City of Moscow. The budget has been passed in an environment of economic growth and is fuelled by a steady rise in revenues.