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Chukotka's public debt has dropped threefold since 2015

Chukotka's public debt has dropped threefold since 2015
Photo: pixabay.com

Chukotka's public debt has decreased by more than three times compared to 2015. At the beginning of this year, it amounted to ten billion rubles.

According to the press service of the Okrug government, the share of the state debt in the volume of its own revenues is 45%. According to the governor of Chukotka, Roman Kopin, by 2024 the funds freed up due to the restructuring of loans will amount to 1,4 billion rubles annually. This money will be directed to the implementation of national projects, as well as to the creation of infrastructure facilities for the implementation of new investment projects.

Chukotka has been participating in the budget loan debt restructuring program since 2018. This made it possible in 2020 to ensure uniform debt repayment until 2029 and free up funds for the creation of new and expansion of existing food industry production facilities, providing residents with food, as well as directing some of the funds in the future to provide loans to legal entities for the purchase and delivery of fuel, as well as compensation decrease in revenues of local budgets.

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