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The government will allocate another 100 billion rubles to the regions
The government will allocate an additional 100 billion rubles to regional budgets. Earlier, 200 billion rubles were allocated.
This instruction gave the head of state to the government of the Russian Federation. The money will be used to ensure a balanced budget and compensation for expenses and lost income in a situation of restrictions due to the coronavirus pandemic. The priority will be the subjects of the country with high growth rates of investment spending.
In April, it became known that the federal authorities will provide additional Russian regions 200 billion to ensure the sustainability and balance of budgets. This was at a meeting with members of the government said President Vladimir Putin.
In May, the Russian regions in 2020 fully exempted from debt repayment on budget loans. The decision was signed by Prime Minister Mikhail Mishustin.