Additional budget revenues of the Moscow regions are expected to reach 2.5 billion rubles (about $85 million) this year, regional deputy finance minister Valery Nosov announced at a press conference today. He noted that the planned volume of budget revenues was expected to reach 22 billion rubles ($745 million) and expenditures were set on the same level. However, due to expected additional revenues, the Moscow region increased budget expenditures to 26 billion rubles ($880 million). Therefore, the budget deficit will reach about 2 billion rubles ($68 million). The 2002 budget provides for an increase in expenditures to 31 billion rubles ($1.05 billion). In addition, the maximum volume of revenues was set at 2.1 billion rubles ($71 million) for the Moscow region in 2001. The Moscow regional government is considering the possibility of taking some foreign loans, however, Nosov believes this may happen no earlier than in 2003.
Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.