Russian JV stands for new measures to address the debt problems of the regions

Russian JV stands for new measures to address the debt problems of the regions


The anti-crisis plan of the Russian government, provides for the granting of budget loans to the regions, including for the purpose of refinancing commercial loans, said the head of the accounting chamber Tatyana Golikova.

MOSCOW, 21 Oct. The accounts chamber (JV) of the Russian Federation supports the continuation of measures to solve the debts of budgets of subjects of the Russian Federation, said the head of the Ministry Tatyana Golikova at a meeting of the state Duma

“We need to continue substantive work on resolving the problem of over-indebtedness of regional budgets with the formulation of appropriate measures to the end of 2015 and 2016”, — she said, Recalling that the anti-crisis plan of the government envisages the provision of budget credits to the subjects of the Russian Federation, including for the purpose of refinancing commercial loans.

“Total budget” amounts to 310 billion rubles, as of 1 October 2015 issued 201,9 billion rubles, said the Chairman of the joint venture.

“Unfortunately, the amount of the state debt of subjects continues to grow. As of 1 October it amounted to 2172,9 billion rubles and increased compared with January 1, 2015 is 4%,” — said Golikova.

Thus, according to her, the share of commercial loans in the structure declined by 4.9 per item budget (less expensive) — increased by 6.3 points. “The share of commercial and budgetary loans in the debt structure almost equal, amounting to, respectively, 37.6 per cent and 37.3 per cent,” she said.

Earlier Wednesday, the speaker also noted the low implementation of paragraphs anti-crisis plan of the government concerning the provision of state guarantees, which are issued significantly less than anticipated for this volume.