Prime Minister Mikhail Mishustine ordered the head of the Ministry of Finance Anton Siluanov as soon as possible to solve the problem with the debts of the regions, which were maximal over the past ten years. This is stated on the list of instructions following the meeting of the government of April 1.
For the production of mechanisms for replacing market debt, four days are allocated to budget loans. Proposals must be submitted until April 7. And until April 15, the Ministry of Finance and the Ministry of Economic Development will have to come up with new financial instruments to lend Russian regions in the period 2022-2024.
The last paragraph is associated with investments in the infrastructure, subject to the return of the loan to the federal budget. It is also proposed to establish control mechanisms for their targeted use.
The problem was spoken after the head of the Accounts Chamber Alexey Kudrin announced the risk of the “debt pyramid” of the regions, where they are forced to take on covering current spending. Moreover, loans go on commercial conditions, since the possibilities of the state lacking. In 15 regions, the deficit exceeded 10 percent of expenses, seven – above 20 percent. An anti-cutter was the Kemerovo region, where the “hole” in the budget reached almost 30 percent.
Russian President Vladimir Putin criticized the governors in which the regions reached such a state. The head of state stressed that they were them of their own areas in the “debt trap”, and promised to place them “trap the appropriate”.
Meanwhile, as noted in the “monitoring of the economic situation in Russia”, prepared by the Institute of Gaidar and Ranjigs, the debt burden in most Russian regions was high before the pandemic. For the most part, it is associated with an attempt to perform the May Decree from 2012, which contained a requirement to increase salaries.
At the same time, Putin himself acknowledged that the practice of a fertility was developed in the country, thanks to which formal requirements are followed. Until April 20, the government must submit a report on the situation with salaries of employees of budget organizations.