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The mayor's office of Yuzhno-Sakhalinsk intends to take a loan for 400 million rubles

The mayor's office of Yuzhno-Sakhalinsk intends to take a loan for 400 million rubles
Photo: pixabay.com

The Yuzhno-Sakhalinsk administration plans to attract a credit line for 400 million rubles to cover the budget deficit. Also, money is needed to pay off debt obligations.

According to the public procurement portal, the mayor's office of Yuzhno-Sakhalinsk announced competition to provide a revolving credit line for a period of one year. The starting price of the contract is RUB 29,2 million. The auction is scheduled for December 9th.

According to the mayor's office of Yuzhno-Sakhalinsk, the city's budget expenditures next year will decrease due to a cut in financial assistance from the Sakhalin Oblast budget. The municipality's own revenues will remain at the current year's level.

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