The agrarian complex of Bashkiria may pretend to the increase of the federal financial aid

Elvira Latypova

Bashkiria may pretend to the increase of support of its agriculture due to the means of federal exchequer. At present time our Republic attracted the credit of the Russian Ministry of finances at the rate of 3,088 billion rubles.

The credit has strictly goal-oriented purpose: it is meant for coverage of the Republican budget shortage in connection with the arrangements on overcoming the consequences of the drought, approved by the Russian Ministry of agriculture. The Republic has to pay the credit back till October 1, 2012 and the loan charge makes 1,9375% of interest per annum.

With this credit the budget shortage in Bashkiria reached 17,5 billion rubles – 28% of the own incomes of the Republican budget.

“Our main aim at the present stage is the wide-scaled aid to our agriculture and, sure, we have to keep the stability of the whole budget system and its ability to fulfill all its social obligations in time” – the deputy Prime-Minister of Government RB, the Minister of finances RB Airat Gaskarov stated on this account.

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#finances #budget #agriculture #the drought

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