Preferential car loans will bring the budget almost 27 billion Rubles
OREANDA-NEWS. Revenues to the federal budget of taxes and fees from the implementation of the program of preferential car loan are estimated by the Ministry of Industry of the Russian Federation at the level not less than 26.98 billion Rubles. As stated the published draft regulations, the amount of income includes: VAT - 25.74 billion Rubles, excise taxes - 1.13 billion Rubles, corporate income tax - 0.11 billion Rubles.
According to the agency "Finmarket", the cost of the federal budget for reimbursement of lost revenues for Russian credit institutions will be 90,500 rubles for 1 car. The total cost of the federal budget for the period 2015-2018 ss will be 18.1 billion rubles: in 2015 - 1.5 billion rubles, in 2016 - 8.6 billion rubles, in 2017 - 5.9 billion rubles, in 2018 - 2 billion rubles, in 2019 - 7 million rubles. As noted the Ministry of Industry and Trade, the source of financing in 2015 – is the anti-crisis Fund.
It was also reported that start of the program of preferential car loan is planned from April 1st of this year. According to forecasts of Ministry of Industry and Trade, car sales in the framework of this program for the period from April to December of 2015 were 200,000 units, "which will provide at least 10% of all sales in the Russian market for new cars in 2015".
Ministry of Industry and Trade under the program will provide a subsidy for banks in the amount of provided by them discounts on loans based on the 2/3 key rate. Thus, the discount rate will be 9.33 percentage points and a preferential interest rate will not exceed 15%. Under this program, loans must be issued in rubles, the cost of the purchased vehicle may not exceed 1 million Rubles, and its gross weight – is 3.5 tons, prepayment must be at least 30% of the value of the car, the maximum term of the loan agreement – is 3 years.
The main expected result of the program is to increase the production and sales volumes of the Russian automotive vehicles. At the same time in 2015 due to rising interest rates on loans by Russian credit institutions sales of cars on credit almost stopped, noted in the department.
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