the Regions will help each other, and don’t need to ask for help to the Federal budget. This will speed up the process and strengthen horizontal communication. About how all this will work, “the Russian newspaper” said the Director of the Center for regional policy, Ranepa Vladimir Klimanov.
“This will enable us to quickly solve issues, for example, with coronavirus or crisis. That is especially true now, – said the expert. – When, for example, need to transfer from one region to another medical equipment – you can simply pay rent. Regions now have the opportunity and additional bilateral communication. Two subjects-neighbor will be able to agree on some actions that were temporary in nature. For example, training of specialists, when the budget is not mortgaged. Then give up. Appears bilateralism”.
Another reason for the emergence of a new financial mechanism, says Vladimir Klimanov, that the Federation does not want to increase the volume of its lending in the regions.
the Ministry of Finance has recently published statements on the public debt of the regions on 1 April this year. The volume issued by the Federal center loans regions is nearly a trillion rubles. Even such rich Tatarstan, Sverdlovsk oblast needs tens of billions of rubles. And, for example, Mordovia has a debt of 27 billion rubles, Stavropol Krai – 18, Zabaykalsky Krai – 13 billion. Can it happen that after the entry into force of the new law, the regions will go in debt not only from Federation, but from one another?
“overall, the Finance Ministry’s tough stance – meets Klimanov. – It is impossible to prevent a default that under no circumstances the region is not bankrupt. At the same time, budgetary loans still stronger commercial when interest payments become too overwhelming. And yet, one way or another, but at budget loans easier may be decided on their extension”.
read More in the next issue of “Russian newspaper”.
