First Quarter 2025 Budget Execution in Magadan Region Reveals 24-27%
Here's a fresh take on that budget report from Magadan Oblast:
It's crunch time for the regional budget in Magadan Oblast! On May 14, 2025, Government Resolution No. 233-p was finalized, approving the executive report for the first quarter of the year's regional budget. According to our trustworthy muckraking across government channels, the report reveals some eye-catching figures.
The total revenue for the first quarter was a hefty 18,824,752.6 thousand rubles, with expenditures clocking in at 17,241,710.0 thousand rubles. These figures represent 27.1% and 24.2% of the annual budget allocations for 2025, respectively.
When it comes to tax and non-tax revenues, the first quarter netted 16,870,219.9 thousand rubles, fulfilling 29.8% of the yearly plan. Tax revenues, in particular, amounted to 16,563,387.0 thousand rubles, with a hopes-to-hits ratio of 30.0%. Non-tax revenue came in at 306,832.8 thousand rubles, a tad less than the 24.2% planned for the year.
The regional expenditure plan for 2024 totaled 71,298,597.8 thousand rubles, with the 1st quarter accounting for 24.2%. As for the spending breakdown, here's a quick rundown:
- Housing and communal services (Section 05) accounted for 21.3% of executed expenses.
- National Economy (Section 04) came in with a 19.9% share.
- Education (Section 07) and Social Policy (Section 10) each nabbed a 16.4% and 11.3% piece of the pie, respectively.
- Healthcare (Section 09) took a 9.5% bite.
As for state programs, the first quarter saw 16,197,266.1 thousand rubles executed out of a planned total of 67,622,784.1 thousand rubles. There's still a long way to go!
Lastly, public normalative obligations planned for 2,240,537.0 thousand rubles received execution of 509,352.7 thousand rubles—that's a 22.7% realization rate for the first quarter.
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In light of the reviewed budget report from Magadan Oblast, it's essential to examine the financial aspects of the regional business. The first quarter's total revenue of 18,824,752.6 thousand rubles, comprising 27.1% of the annual budget, shows a promising start for the region's finance. Furthermore, the tax and non-tax revenues, amounting to 16,870,219.9 thousand rubles and 306,832.8 thousand rubles respectively, make up a significant portion of the yearly plan, indicating a solid basis for the regional business.
