Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

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Khabarovsk owes 650 million rubles to the federal treasury

Khabarovsk owes 650 million rubles to the federal treasury
Photo: pixabay.com

The authorities of Khabarovsk have completely repaid all debts to commercial banks, the city owes loans only to the federal treasury. The loan amount is 650 million rubles at 0,01%.

According to and. about. Director of the Finance Department of the Khabarovsk administration Maxim Boykov, lending to the Treasury is more profitable than to banks. However, you can resort to such assistance only three times a year.

According to the press service of the city administration, last year the authorities of Khabarovsk were credited to banks, however, they repaid loans ahead of schedule and were able to reduce expenses on municipal debt servicing by 50,4 million rubles. In total, in 2019 Khabarovsk managed to save 146 million rubles of the budget.

Last year, the revenue of the city treasury amounted to 16,4 billion rubles, this year, according to preliminary data, they will amount to 15,6 billion rubles, and expenses - 16,5 billion. The budget deficit is projected at 860 million - 9,8%.