The government has confirmed rules of granting of budget loans to regions

The government has confirmed rules of granting of budget loans to regions


Budgetary loans are provided to partially cover the deficit of the budget of a constituent entity of Russia. The decisions aimed at stabilizing the situation with the balance of regional budgets.

MOSCOW, 29 Jan. The Russian government approved the rules establishing the order and conditions of granting, use and return of budgetary credits by subjects in 2016, the corresponding decree was published on the Agency’s website.

“The rules establish the order and conditions of granting, use and return regions, these budget credits in 2016. In particular, it provides the distribution for 2016 operating in 2015, conditions in the provision of public credit in terms of the rate of gradual reduction in the share of commercial debt to the sum of regional revenues excluding reimbursable revenues (by 1 January 2017 – not more than 70%, by January 1, 2018 – 60% and by January 1, 2019 – not more than 50%)”, — stated in the explanatory statements to the document.

In addition, in accordance with the approved rules will be taken into account that the results of execution of the budget of a constituent entity of the Russian Federation in 2016-2019 budget deficits in the region may exceed the planned indicator for the amount of the proceeds from the sale of shares and other equity in his property.

According to the resolution, budgetary loans are provided to partially cover the budget deficit of the subject; covering the temporary cash gap occurring in the budget of the entity; activities associated with liquidation of consequences of natural disasters and technogenic accidents that occurred on the territory of the subject.

It is reported that the decisions taken are aimed at stabilizing the situation with the balanced budgets of the constituent entities of Russia.