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Flood damages reach no less than RUR 20 bln in Kuban

KRASNODAR, July 26 — The total damage from a devastating flood in the Krasnodar Territory reached no less than 20 billion roubles, Krasnodar Gov. Alexander Tkachev told a meeting of the territorial Legislative Assembly Thursday.

He noted the flood damaged heavily the economy and the budget in the region.

The budgetary policy should be revised cardinally, many articles of expenditures should be cut.

“However, this will not be done at the expense of the social sphere,” Tkachev noted.

The deputies have introduced amendments to the territorial budget. Some 16.1 billion rubles will be allocated to clean up the aftermath of the flood in Kuban. (PNA/Itar-Tass)

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