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Irkutsk authorities will get 1,3 billion rubles from Sberbank to repay debts - EastRussia | Far East

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Irkutsk authorities will receive 1,3 billion rubles from Sberbank to repay debts

Sberbank will provide loans to the mayor's office of Irkutsk. The received 1,3 billion rubles will be used to pay off budgetary debt obligations. Information about this is published on the website of the State Procurement.

Money will begin to be provided from the end of July this year. The loan will be valid for 950 calendar days.

As a result of the changes made to the Irkutsk budget in late June, the city's revenues for 2018 year are 19,09 billion rubles, expenditures - 20,2 billion rubles. The budget deficit is 1,1 billion rubles or 11%. According to data for 1 January this year, the municipal debt of the regional capital amounted to 1,8 billion rubles. The tender for attracting 1,335 billion rubles to finance the budget deficit was announced by the municipal authorities in late June.