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Khabarovsk Territory will direct part of its income to repay the public debt

Khabarovsk Territory will direct part of its income to repay the public debt
Photo: pixabay.com

The authorities of the Khabarovsk Territory plan that in 2020 the growth of the region’s own revenues will be at least seven billion rubles. Part of this money will be used to pay off the state debt. This was announced at a press conference following the results of the year by Governor Sergei Furgal.

According to the head of the region, the public debt began to take shape in 2012, annually it increased by seven to ten billion rubles. According to Furgal, by 2018, it increased to 54 billion rubles. In 2020, revenues will exceed 80 billion, but if this money is used to pay off the state debt, you will have to take them from other expense items.

“In 2019, we reduced public debt by two billion, but the region should develop, so we will increase our own revenues and reduce the budget deficit. Today, public debt is 66% of its own revenues. The budget rule allows up to 70%. We will see how to repay the public debt, ”said Sergey Furgal.

Now the state debt of the region is 52 billion rubles. This is one of the worst indicators in the Far East.

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