Reveal the size of the public debt of Russian regions: First Deputy Minister of Finance of Russia Leonid Gormina said that the state debt of the regions is 2.6 trillion rubles. His words leads TASS.
According to the deputy minister, it is about 26 percent of the tax and non-tax revenues of the regions. He also stressed that the level of the public debt is not growing and is “at a safe level.”
“For example, the level of market borrowing arrears since the beginning of the year decreased by 243 billion rubles, or by 18 percent,” said Gormina, adding that two regions have a national debt, which exceeds 100 percent. According to him, the situation in these regions is regulated, management conducts “responsible debt policy to reduce the volume of the public debt.”
Earlier in October, Bloomberg reported that, thanks to the growth of income from oil and gas, the volume of the Russian National Welfare Fund (FNB) reached a record, but President Vladimir Putin allegedly wants to save money by posting them for a black day.