Moscow transfers 68% of all taxes and levies collected within the capital to the federal budget, Mayor Sergey Sobyanin said.

“These receipts exceed total transfers from the federal budget to all constituent entities of the Russian Federation by a factor of 1.5. In other words, the city contributes vast resources to equalize economic and financial conditions across virtually every region of the country,” he said, adding that the capital not only ensures its own development but also generates resources to support other Russian regions.