The debt of the region is red

The state debt of the regions remains a big problem of the Russian budget system. Although on November 1, 2017, the constituent entities of the federation should be 2.173 trillion rubles. This is almost as much as exactly a year ago (2.211 trillion) and noticeably less than in early 2017 (2.353 trillion). About this writes "Kommersant".

In part, the reduction in the debt burden on the regions is explained by the provision of budget loans, when the federal government lended to the regions at 0.1% per annum to replace expensive commercial loans - however, the center has already abandoned this practice.

Budget loans now account for 1.05 trillion rubles, or more than 48%. For bank loans - 553 billion, 472 billion for state securities, 91 billion for state guarantees , for other obligations - 8 billion. But the amount of cheap budget loans in itself became a problem: it is likely that if it were not for the preferential program of the government, the regions did not gain so much debt.

However, now a large -scale program for restructuring budget loans is beginning: the regions will be given an installment plan to pay debt, in 2018-2019 it will be possible to give 5% of the debt amount, in 2020 - 10%, in 2021–2024 - 20% annually.

Steel factory / pixabay.com

On the eve of the Center for the Development of the Higher Schools of Publishions of Al , the attention is drawn to the fact that despite the general suspension of the increase in public debt and the fixed total surplus, the problem regions could not balance their budgets .

In seven out of 11 experts of the Higher School of Empire, the balance of the budget was negative at the end of the budget. Given that a significant part of the expenses falls at the end of the year, their deficits will only further grow. The total debt has grown most of all in the Kostroma region (by 22.5%), Mordovia (by 15.2%) and Jewish autonomy (by 11.2%). In Khakassia, the Pskov region, the Oryol region, Udmurtia, the Saratov region and Karelia, the debt growth did not exceed 10%.

Experts emphasize that the regions did not have problems now. “ The influence of changes in income and expenses in 2016 can be laid out on factors on the change in budget balance compared to 2015. We include the increase (reduction) of income tax, changes in personal income tax, other tax receipts, and the increase in budget expenditures, with the allocation of education expenses ,” the review said.

A man is waiting for the postman / pixabay.com

“ In Russia, during the crisis, recession and sluggish economic recovery, a whole cluster of problem -based regions with a high level of debt in relation to its own regional income was formed. The fresh data of 2017 indicate that most of these regions continue to increase the debt, and not at the expense of cheap budget loans. This will inevitably affect their general financial situation. Financial problems will negatively affect the volume and quality of budget services provided by these regions, the gap in these indicators with prosperous regions will grow. The federal center may require the regions to increase its own revenue base (this policy is actively pursued in 2017), but the real exit from the situation would be an increase in financial support from the federal budget, the funds for which need to be found in the conditions of budget consolidation, ”experts concluded.