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Khabarovsk Territory authorities will take loans to finance the budget deficit - EastRussia | Far East

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Khabarovsk Territory authorities will take loans to finance the budget deficit

The authorities of the Khabarovsk Territory intend to take loans for seven billion rubles to finance the regional budget deficit. Regional Ministry of Finance announced auctions to attract seven credit lines with a limit of one billion rubles each.

The maximum price of each contract will be 175 million rubles. According to Interfax, the authorities are planning to take loans for two years.

According to the adopted budget, the revenues of the regional treasury this year will be 95,7 billion rubles, expenses - 103,8 billion rubles. At the same time, more 62% of the total expenditures of the regional treasury will go to the social sphere. The deficit will be 8,1 billion rubles.