The Cabinet of Ministers will reduce the debts of Buryatia, Transbaikalia and Chukotka.
The Russian government will write off almost 12.5 billion rubles of debt on budget loans to seven regions of the country. These include three regions in the Far East: Buryatia, Transbaikalia and Chukotka. Russian Prime Minister Mikhail Mishustin announced the decision in an operational meeting with his deputies.
The deletion is carried out as part of the initiative of the country's president, Vladimir Putin, which provides for the reduction of two-thirds of the regions' debt on budget loans. This measure will allow the subjects to direct the freed funds to solve pressing problems and develop their territories.
The regions will be able to use the released funds, especially for:
Implementation of master plans for cities in the Far East and the Arctic region.
building schools.
Creating world-class inter-university campuses.
Support for participants in a special military operation and their family members.
And for the regions themselves, erasing part of the debt will become an additional resource for continued development: less debt burden, more opportunities to invest in infrastructure, education and social projects.