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Debts on budget loans amounting to almost 12.5 billion rubles will be written off for seven more regions of Russia, the government press service reports.

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Debts on budget loans amounting to almost 12.5 billion rubles will be written off for seven more regions of Russia, the government press service reports.

We are talking about Buryatia, the Trans-Baikal Territory, the Kirov, Novgorod, Penza and Pskov regions, as well as the Chukotka Autonomous Okrug.

Regional authorities will be able to direct the freed up resources to carry out projects in various sectors of the economy, as well as create favorable conditions for doing business and create a comfortable urban environment.

The total amount of budget debt cancellation this year amounted to 300 billion rubles.

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