Translartion. Region: Russians Fedetion –
Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.
The work is being carried out on the instructions of the President.
Document
Resolution of February 1, 2025 No. 79
Prime Minister Mikhail Mishustin signed a resolution approving the rules for writing off regions’ debt on budget loans and a list of areas for spending the released funds.
According to the document, regions are exempted from paying off two-thirds of the debt on budget loans that has accumulated as of March 1, 2024. To do this, regional leaders must submit a corresponding application to the Ministry of Finance by March 1, 2025, indicating the planned activities at the expense of funds released from write-offs.
The region should invest at least half of these funds in the implementation of infrastructure projects in the housing and utilities sector. The rest can be used to relocate citizens from dilapidated housing, upgrade public transport, develop key settlements, implement new investment projects, compensate for lost income from the use of investment tax deductions, support companies managing territories with preferential tax regimes, and recapitalize industrial development funds, guarantee and microfinance organizations.
Regions with low budgetary provision are allowed to use the released funds for activities within the framework of the implementation of new national projects and for expenses related to the special military operation. Subjects included in the Far Eastern Federal District and the Arctic zone can use the released funds for the implementation of activities within the framework of master plans of cities located in these territories.
The resolution was prepared to implement the instructions of the President, which he gave in 2024 following the results of the Address to the Federal Assembly and following the meeting of the Council for Strategic Development and National Projects and the State Council commissions on socio-economic development.
Speaking about the decision taken onGovernment meeting on February 6, Mikhail Mishustin noted that the formation of modern infrastructure is one of the basic conditions for further economic growth. “The efforts of the federal government and local leaders are aimed at this,” the head of the cabinet emphasized.
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