Medvedev asked the Russian regions to take a cautious approach to new borrowing

Medvedev asked the Russian regions to take a cautious approach to new borrowing


The debt load has to be planned carefully, distribute it evenly is necessary, said Prime Minister Dmitry Medvedev. Especially caution should apply to new borrowing, he added.

SLIDES, 30 Nov. Prime Minister Dmitry Medvedev has asked the regions to take a cautious approach to new borrowing.

“We need to plan the debt burden carefully, as carefully as possible, distribute it evenly and to evaluate the results that can occur. Very carefully I would like everyone to refer to new loans,” — said Medvedev on Monday at a meeting on the debt load of regions.

The Prime Minister stressed that the situation now is not the most favourable in order to borrow money. He called to prevent the increase in debt over the economically safe level and to work actively with the expenditure side of the budget, to optimize the budget spending.