It became known where in the North Caucasus Federal District tax revenues increased in March 2022

The regions of the North Caucasus were among the subjects of Russia where tax revenues increased in March 2022. This is stated in the study of the analytical service of the audit and consulting network FinExpertiza.

The calculations are based on the statistics of the Federal Tax Service on the receipt of taxes, fees and other obligatory payments to the budget system of the Russian Federation. The total amount of tax collections includes all receipts administered by the tax authorities, with the exception of insurance contributions to off-budget funds. Tax revenues did not take into account the “import” VAT administered by the Federal Customs Service, paid when goods are imported into the territory of the Russian Federation, as well as income from foreign economic activity in the form of customs duties.

According to the study, revenues from taxes, fees and other obligatory payments to the consolidated budget in March 2022 amounted to 4.1 trillion rubles, an increase in annual terms by 34.5% from 3.06 trillion rubles in March 2021.

In most regions, tax revenues increased over the specified period, including in the regions of the North Caucasus Federal District.

Thus, the Stavropol Territory took 30th place in the list (+6.5 billion rubles, or +52.8% compared to March last year). Dagestan is in 46th place and has an indicator of 1.1 billion rubles (+23.3%). Chechnya is in 48th place (929.2 million rubles; +52.9%). North Ossetia was in 56th place (489.5 million rubles; + 25.9%). Ingushetia is in 58th place (400.1 million rubles; +77.8%). Karachay-Cherkessia became 62nd in the list (122.5 million rubles; +11.1%). Kabardino-Balkaria is in 64th place (66.9 million rubles; +3.3%).

In March 2022, the Khanty-Mansiysk Autonomous Okrug (+365.5 billion rubles, or +127.5% compared to March last year) and the Yamalo-Nenets Autonomous Okrug (+137.7 billion rubles) provided a large share of the increase in tax revenues. ., or +87.3%), which significantly increased tax collections due to the growth in profits of commodity companies.

At the same time, in 18 out of 85 regions, that is, in every fifth subject, taxes were collected less than a year ago. In absolute terms, tax collections fell the most compared to March 2021 in Moscow (by 25.3 billion rubles; -3.7%), the study says.

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“The positive statistics of tax collections for March, when the Russian economy has already felt the pressure of the sanctions, is based primarily on the excess profits of commodity exporters and largely reflects the inertia of revenues for previous periods. In addition, it is necessary to take into account inflation and price increases over the year,” said Elena Trubnikova, President of FinExpertiza.

She noted that operational data for April indicate that, despite the reduction in energy exports, the Russian budget continues to benefit from high hydrocarbon prices.

“However, the influx of money into the budget system can be sharply reduced with a significant decrease in external demand for Russian oil and gas. The Russian economy is in for a difficult period of structural transformation, at the same time the state will have to find resources to support the population and enterprises. Russian business has already begun the process of global restructuring,” she added.