After the debts related to budget loans are written off, the public debt of the regions will decrease by 36% – in this case, the volume of public debt related to tax and non-tax revenues will be only 14%. TASS Informs the press service of the Ministry of Finance.
“In accordance with the President’s message, it is envisaged that 2/3 of the regions’ debts (about 650 billion rubles for the three-year period, 1.1 trillion rubles for 2025-2029) will be written off to budget loans, depending on the targeted target. The released funds will be used to implement infrastructure projects and support investments, – the press service of the Russian Ministry of Finance stated.
The Ministry of Finance suggests that regional public debt could be reduced by 36% after debt is written off by 2030.
Before that, Finance Minister Anton Siluanov statedthat in the draft state budget for the next three years great emphasis will be placed on financial support for the regions of the Russian Federation.
Putin before listed Priority areas for spending the state budget.
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Source: Gazeta
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