MIL OSI Translation. Region: Russian Federation –
Among the instruments that serve to achieve the indicators of national goals in the field of housing construction and infrastructural development of regions, the Deputy Prime Minister highlighted the infrastructure menu. The government has developed it in the form of a set of new financial instruments, mainly on a repayable basis.
These instruments should complement the current state support programs amounting to 1.1 trillion rubles.
Marat Khusnullin noted that additional financing through infrastructure menu mechanisms will increase by 2.4 trillion rubles, and the total amount of funds for infrastructure development will be brought to 3.5 trillion rubles.
The most capacious components of the infrastructure menu include infrastructure budget loans, restructuring of budget loans, funds coming to the federal budget from the redistribution of excise taxes, as well as infrastructure loans from VEB.RF.
“This is our most powerful resource for the implementation of ambitious plans. There are many tools. You have to know how to work with them, ”the Deputy Prime Minister gave his assessment.
In his opinion, the task of mastering such large amounts of financing in a short time is extremely difficult, and money should not only be invested in construction and spent, but made so that it becomes a start for the development of housing, tourism and urban renewal, and the creation of new jobs. Marat Khusnullin appealed to the heads of the constituent entities, setting them up for effective work: “I have been engaged in construction for 30 years and in public administration for 20 years. If you personally, governors, do not do this, then nothing will work. Only in the headquarters mode, promptly correcting and tweaking the system, we must invest this money in infrastructure. And if we also attract extra-budgetary funds, believe me, the country will definitely feel an improvement. “
The Deputy Prime Minister asked the governors to prepare applications for infrastructure projects of a high degree of elaboration for filing. The regions will set limits, the size of which will be determined taking into account the level of the subject’s debt burden. The selection of projects will take into account the ratio of the volume of budgetary and non-budgetary funds, the number of jobs created, as well as the amount of tax and non-tax revenues from the project to the consolidated budget of the constituent entity of the Federation.
Selection decisions will be made by the headquarters of the regional development commission based on the results of the examination of the submitted projects by the Ministry of Finance, the Ministry of Economic Development, branch federal executive bodies, and DOM.RF.
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.