Russian Government Writes Off Part of Budget Loans for Seven More Regions

© изображение сгенерировал ИИ

The Russian government has expanded the list of regions whose budget loan debts have been written off by two-thirds for investing in infrastructure projects. The regions included are Buryatia, Zabaykalsky Krai, Kirov, Novgorod, Penza, Pskov Oblasts, and Chukotka Autonomous Okrug. The total amount of debt relief amounts to 12.5 billion rubles (approximately $163 million).

These funds will now be available for the regional authorities to invest in further economic projects, creating favorable conditions for business development, and improving urban environments.

This year, the total volume of budget debt write-offs has reached 300 billion rubles (approximately $3.9 billion).