Putin ordered to write off two-thirds of regions’ debt on budget loans
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President Vladimir Putin said that he considers it necessary to reduce the debt burden of the regions. He proposed writing off two-thirds of the regions’ debt on budget loans. This will allow the regions to save more than 200 billion rubles. annually from 2025 to 2028. The President emphasized that this money should be used for targeted projects and infrastructure investments. The president proposed once again directing the funds that the regions return to the Russian budget for loans to the development of the regions.
“The regions need to be given greater opportunities to manage funds within the framework of national projects,” the president said during his address to the Federal Assembly.
The news is being updated.
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