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About one billion rubles will be directed to food security in Chukotka

About one billion rubles will be directed to food security in Chukotka

After the restructuring of regional debts in Chukotka, about 933 million rubles should be freed up. The government plans to use this money to ensure food security in the region.

According to the press service of the government of Chukotka, the region has been participating in the program for restructuring debt on budget loans since 2018. During the period of the program, the debt burden decreased to 69% of the share of the state debt in the volume of own revenues by the beginning of 2020.

According to the head of the department of finance, economics and property relations of the region, Alesya Kalinova, in 2020 the Ministry of Finance agreed on the timing of extending the repayment of budget loans from 2024 to 2029. Such measures will help to free up 933 million rubles this year.

The money will be used to create and expand production in the food industry and provide residents with food products. Another part of the money will be directed to the issuance of loans to legal entities for the purchase of fuel and compensation for the decline in local budget revenues.

In total, from 2021 to 2024, the Chukotka authorities plan to release about 1,4 billion rubles annually. Funding will go to investment projects and the creation of infrastructure in the region.

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