Debt pit of the Russian regions

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Recently, the regions of Russia have accumulated various debts. In order to strengthen the financial position of the regions, to give them additional resources for solving current and future tasks, a program for restructuring budget loans has been launched ...
Regions participating in the budget loan restructuring program should not recruit new debts and scatter budget funds. This was stated today by Vladimir Putin at a meeting of the State Council on investment policy in the regions
Moreover, Putin warned the heads of the regions that he would closely monitor the restructuring of their debts.
“You do not need to collect new debts, scattering the received resources on what you consider most appropriate, and again plunge into this debt trap. I want everyone to hear, ”Putin said.
The President instructed the relevant ministries and departments to regularly report to him on how the work is going on to improve the finances in the regions of the Russian Federation.

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