By 2018, it is planned to double the volume of products produced in the Irkutsk region

The Irkutsk region government plans to double production in Priangarye by 2018 while keeping all social obligations. In the 2014 2016 budget most spending goes to social needs, and to raise revenue authorities keep signing deals with major companies and attracting investment. The region also focuses on standard projects for social facilities and on high productivity jobs and innovative products.

By 2018, it is planned to double the volume of products manufactured in the Angara region. The Government of the Irkutsk Region will develop the region’s economy while preserving all social obligations. According to the Governor, the draft budget for 2014-2016 allocates most of its expenditures to fulfilling social obligations. At the same time, the Government continues to work on increasing the revenue side of the budget, which will allow the region to develop dynamically.
– The Government continues to work on signing agreements with major companies. To date, 30 agreements are in effect. We are taking steps to support large enterprises by providing tax incentives in order to receive an investment return in the future, – said Sergei Eroshchenko. According to the head of the region, the regional Government is currently working on preparations to sign a social and economic cooperation agreement with OJSC “AK “Transneft” and a number of other enterprises.
In addition, the Governor noted that, in order to optimize budget expenditures, it is necessary to implement standard projects in the construction of social facilities.
The budget of the Irkutsk Region for 2014-2016 is formed from 17 state regional programs, which cover 99% of expenditures. According to the Minister of Industry and Forestry Complex of the Irkutsk Region, Alexey Klimov, by 2020 more than 13,000 high-performance jobs should be created and modernized, and the share of innovative products in the total volume of shipped products of innovation-active enterprises should increase from 2.9% to 4%.
Based on materials from the press service of the Government of the Irkutsk Region