States in July, will receive 100 billion rubles from the Finance Ministry to compensate for reduced revenues should be the message of the Ministry.
Earlier, the Russian government approved the support of regional budgets for 200 billion rubles. Of this amount, 100 billion rubles, the Finance Ministry has listed the 56 regions in late may. The money quickly supported the budgets of those regions that have lost part of the income in April this year.
the Income these regions by may 1, 2020 was below the income for the previous two years. The support size for each region was determined taking into account the major expenditures of local budgets.
As noted in the Ministry of Finance analysis of revenue of June 1, showed no trends to a serious decline in regional budget revenues. Therefore, the provision of the second part of the support provided in July on the results of budget execution for the first half.
the money is distributed among regions taking into account the assessment of the actual reduction of income tax and non-tax revenues to the budgets of the regions on 1 July 2020 compared to the year 2019, and taking into account the share of priority expenditures.
the Russian Government in early may 2020 completely liberated regions from repayment of budget credits in 2020, according to a decree signed by Prime Minister Mikhail Mishustin. According to the adjusted schedule of repayment of budget loans to regions in the years 2021-2024 will pay for 5% of the debt each year in 2025-2029 years – the balance in equal installments with the possibility of early redemption.
About a third of Russian regions can avoid the growth of the debt in 2020, estimated earlier Analytical credit rating Agency (ACRA), after an analysis of stock liquidity.
Before the pandemic growth of debt of the regions in 2020 (excluding Moscow) is expected to 220 billion rubles. At the end of 2019, the region’s debt dropped to pre-crisis levels in 2014 — by 93.3 billion to 2.4 trillion rubles To pandemic regionsguarded the excess of income over expenditure, but the size of the surplus in 2019 on average decreased more than 30 — fold to 15.5 billion with 491,5 billion rubles in 2018. Overall, 68 regions have reduced the size of the debt in the past year, 12 regions — increased, and in five debt has not changed.
