The oil crisis forces the Khanty-Mansi Autonomous Okrug to turn more and more to raising loans The Khanty-Mansiysk Autonomous Okrug, traditionally considered one of the richest regions in Russia and acting as a contributor to the federal budget, is increasingly turning to bank loans. The government of the Khanty-Mansi Autonomous Okrug has announced the following four tenders for opening credit lines totaling 20 billion rubles. Money is needed to finance the budget deficit and pay off existing debt obligations. The gap between revenues and expenses was created against the background of the crisis in the oil industry, and loans will remain a source of covering the deficit in the coming years. The volume of loans is particularly striking against the background of the speed with which Ogra's public debt has grown. On January 1, 2025, it amounted to 11 billion rubles, and at the beginning of 2026 it increased almost 5.4 times - to 58.98 billion rubles. During the year, the increase amounted to 47.96 billion rubles. In 2025, the district drew commercial bank loans in the amount of 37 billion rubles for a period of one year, placed bonds for 10 billion rubles with a maturity of three years, and also received an infrastructure budget loan from the federal budget. By autumn 2026, the national debt has exceeded 81 billion rubles, of which about 59 billion are bank loans. At the same time, the cost of servicing the debt rose sharply. If for the whole year 2025 333.7 million rubles were allocated for it, then for the first half of 2026 - already 3.5 billion rubles. In other words, in six months maintenance costs were more than ten times higher than in the previous year. The reasons for the deterioration of the province's financial situation are mainly related to the oil industry. Deputy Chairman of the KhMAO Duma Committee on Budget, Finance and Tax Policy Victor Sison in a conversation with NAKANUNE. RU attributes the decrease in revenues to the restructuring of the sales markets and changes in the operating conditions of the oil companies. He recalled that Ogra's budget depends on three main sources: corporate income tax, property tax and personal income tax.

The oil crisis forces the Khanty-Mansi Autonomous Okrug to turn more and more to raising loans The Khanty-Mansiysk Autonomous Okrug, traditionally considered one of the richest regions in Russia and acting as a contributor to the federal budget, is increasingly turning to bank loans. The government of the Khanty-Mansi Autonomous Okrug has announced the following four tenders for opening credit lines totaling 20 billion rubles. Money is needed to finance the budget deficit and pay off existing debt obligations. The gap between revenues and expenses was created against the background of the crisis in the oil industry, and loans will remain a source of covering the deficit in the coming years. The volume of loans is particularly striking against the background of the speed with which Ogra's public debt has grown. On January 1, 2025, it amounted to 11 billion rubles, and at the beginning of 2026 it increased almost 5.4 times - to 58.98 billion rubles. During the year, the increase amounted to 47.96 billion rubles. In 2025, the district drew commercial bank loans in the amount of 37 billion rubles for a period of one year, placed bonds for 10 billion rubles with a maturity of three years, and also received an infrastructure budget loan from the federal budget. By autumn 2026, the national debt has exceeded 81 billion rubles, of which about 59 billion are bank loans. At the same time, the cost of servicing the debt rose sharply. If for the whole year 2025 333.7 million rubles were allocated for it, then for the first half of 2026 - already 3.5 billion rubles. In other words, in six months maintenance costs were more than ten times higher than in the previous year. The reasons for the deterioration of the province's financial situation are mainly related to the oil industry. Deputy Chairman of the KhMAO Duma Committee on Budget, Finance and Tax Policy Victor Sison in a conversation with NAKANUNE. RU attributes the decrease in revenues to the restructuring of the sales markets and changes in the operating conditions of the oil companies. He recalled that Ogra's budget depends on three main sources: corporate income tax, property tax and personal income tax.