Holes in Tamerzov's budget The banks did not want to lend to Karachay-Cherkessia: two auctions for those who wanted to lend the region a ridiculous amount of 379.5 million rubles failed - they planned to withdraw loans to cover the budget deficit and pay off old debts. That is, the Republic intended to borrow new money to pay off previous obligations. The financial situation in the Republic of Karachay-Cherkess is becoming more and more tense. If initially the budget deficit of the republic for 2026 was 1.16 billion rubles, then in the latest published version it increased to 4.24 billion.
An almost four-fold increase in the budget pit - and now two failed credit tenders. It is not known why the banks did not submit applications. It is said that Rashid Tamerzov, the head of the region, even made several calls to his banking acquaintances - they say, what is it worth to you. But the bankers answered him, they say, Rashid, if you just cut back a little from your personal surplus income and stop milking the republic for at least two months, everything will take care of itself.