MILES AXLE Translation. Region: Russian Federation –
Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.
Resolution of September 26, 2024 No. 1307
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Resolution of September 26, 2024 No. 1307
Regions will be exempted from repaying two-thirds of the restructured debt on budget loans in 2024. According to the resolution signed by Prime Minister Mikhail Mishustin, the said debt will be written off in 2025.
The decision was made on the instructions of the President. During the announcement Addresses to the Federal Assembly on February 29 Vladimir Putin noted that he considers it necessary to reduce the debt burden of the regions and proposed writing off two-thirds of the regions’ debt on budget loans.
Mikhail Mishustin, presenting a report on the Government’s work to the State Duma in April, clarified that writing off debt with the possibility of using the released funds to implement major projects will help regions solve infrastructure problems, including construction, upgrading utility networks, gasification, and laying transport highways.
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.
http://government.ru/nevs/52806/
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.