Bashkortostan Government plans to issue bonds for 5 billion rubles

IMPORT Сервисный

UFA, 5 February 2020. /Bashinform News Agency/ translated by Tatiana Aksyutina/.

This year, the Ministry of Finance of Bashkiria plans to partially cover the budget deficit by issuing bonds for 5 billion rubles and bank loans for 2 billion. The draft resolution on the maximum volume of government securities was considered at a meeting of the regional government presidium.

The Minister of Finance Lira Igtisamova explained that the federal Ministry of Finance had limited the size of the “market” volume of public debt depending on the amount of tax and non-tax budget revenues: 7% in 2020, 8% in 2021, 9% in 2022.

In total, this year, it is planned to place securities for 5 billion rubles, in 2021 - for 6.4 billion rubles, in 2020 - 3.3 billion.

It is supposed to borrow 2 billion rubles with credit organizations.

New rules for the restructuring of budget loans received in 2014 and subsequent years provide another option with the possibility of directing funds to be repaid to the development of the economy.

The budget deficit is 22 billion rubles in Bashkiria in 2020. It will be mainly covered by reserves accumulated in previous years. The Bashkortostan budget revenues are determined in the amount of 194.2 billion rubles in 2020. The region’s debt burden amounted to 13.5 billion at the end of 2019. The republic is in the group of constituent entities of the Russian Federation with a high level of debt stability, the minister noted.

Budget revenues are planned in the amount of 187.8 billion rubles (deficit - 21.5 billion) in 2021, 198.4 billion rubles (deficit - 20 billion) in 2022.

The main sources of the republic's budget are taxes, the Finance Ministry recalled. So, in 2020, the corporate profit tax is projected at 56 billion rubles. More than 40 billion rubles are expected from personal income taxes. Excise taxes on alcohol, beer, and oil products will replenish the republican budget by 21.5 billion. 96 billion rubles are reserved for state employees – by 1.6 billion more than in 2019. The growth of the payroll this year is expected to be 6%. 24.1 billion are allocated for financing projects as part of the republican targeted investment program.

Financial market experts call federal loan bonds as one of the most reliable ways of investing, with a yield comparable to bank deposits.

#bonds #issue #budget

Join us for more and faster updates on our social media.:

Rubrics

Phone

Office: +7(347) 250-05-07 Advertising office: +7(347) 250-11-11 Editors office: +7(347) 250-07-28 Cooperation: +7(347) 250-06-14

inf@bashinform.ru

Address

450077, Ufa, Kirov street, 45

© 1992-2026 Bashinform News Agency JSC. Mass Media Registration Certificate No. TU 02-01609 dated September 25, 2017, issued by the Office of the Federal Service for Supervision of Communications, Information Technology and Mass Media for the Republic of Bashkortostan.

All information and content posted on the website www.bashinform.ru are protected by international and Russian copyright and related rights legislation. All reports by the Bashinform News Agency are intended for users over 18 years of age.

When reprinting or quoting, a reference to Bashinform News Agency is mandatory. For online publications and social media, a direct active hyperlink is required. Using the Bashinform News Agency logo for purposes not related to the agency when reprinting or quoting is permitted only with the written permission of JSC Bashinform News Agency.