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MIL OSI Translation. Region: Russian Federation –

Resolution of April 2, 2021 No. 526

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Resolution of April 2, 2021 No. 526

It will be easier for the regions to get treasury loans. The resolution on this was approved by the Prime Minister Mikhail Mishustin.

The adopted decision allows not to take into account the limit on public debt in 2021. This, in turn, will help potentially more regions to attract short budget loans.

The funds will be used to address current issues that previously lacked resources. This will strengthen regional budgets with an increased level of public debt, support people and local economies.

“Of course, it is important to continue to carefully monitor the situation with regional finances so that the stability of the budget system does not weaken,” emphasized Mikhail Mishustin at a meeting with deputy prime ministers.

The signed document changes Government Decree of August 20, 2013 No. 721.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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