In the Federation Council proposed to increase loans to the regions and to alleviate the conditions of issue

In the Federation Council proposed to increase loans to the regions and to alleviate the conditions of issue


As of September 1, the cumulative debt of subjects of the Russian Federation amounts to 2.4 trillion rubles. The draft Federal budget for 2016 proposes to reduce the amount of transfers to regions. According to Valentina Matvienko, it is necessary to consider increasing budgetary credits.

MOSCOW, 27 Jan. In the Federation Council propose to consider the possibility of increasing the budget credits to regions, to alleviate the conditions of their provision. In some cases, make a restructuring of debt obligations of the RF subjects.

“It is obvious that without Federal support to the regions to handle. The budgets of most of them for next year typeset with a deficit. While in the draft Federal budget the volume of transfers it is proposed to reduce”, — said Matvienko, speaking on Tuesday at a hearing on the budget in 2016.

She believes that it is necessary to revisit this issue and consider increasing budget loans. “Today the position of regional Finance is alarming. As of September 1, the cumulative debt of subjects of the Russian Federation amounts to 2.4 trillion rubles. And by the end of the year this figure can only increase”, — she said.

According to the Senator, in the structure of regional budgets is constantly growing, the share of mandatory social expenditures and reduced the share of capital investments.

Matvienko also said that despite complaints about the budget deficit, the balance of unused inter-budget transfers on 1 January of the current year amounted to 116 billion rubles. According to her, this is largely due to the late delivery of funds to the regions and the inability to use subsidies within a tight time frame. The MP believes that it is necessary to increase the responsibility of managers of budget funds and strictly regulate the terms of transferring funds across regions.