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MIL OSI Translation. Region: Russian Federation –

The work is being carried out on behalf of the President of Russia.

Russian regions will receive another 29.3 billion rubles from the federal budget to maintain budgetary stability. The order was signed by Prime Minister Mikhail Mishustin.

The money will be distributed among 45 regions. These funds will finance the costs of increasing the salaries of public sector employees, as well as for the implementation of priority and socially significant events. In addition, financing will go to the repair and reconstruction of road infrastructure, the construction of sports and other important facilities.

“In total, for this year, taking into account additional decisions, subsidies for ensuring the sustainability of regional budgets are provided in the amount of 1 trillion rubles,” Mikhail Mishustin said at a meeting on the socio-economic development of regions and mortgage issues on December 6.

The head of government added that next year the base amount will not decrease, on the contrary, it will be indexed.

Direct tranches from the federal budget are part of a package of measures to ensure the financial stability of the regions. Last year, 300 billion rubles were allocated for these purposes.

The document will be published.

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

MIL OSI Russia News