The government is supporting the regions in reducing market debt – they will be able to use budget loans at a reduced rate.

The rate on such loans will be 0.1%, and the funds will be allocated for a long period – until 2028. It will not be possible to repay the debt immediately, but in equal installments starting from 2025.

“Support from the federal budget will allow the regions not only to reduce the market debt itself, but also to reduce payments for its servicing. This means freeing up resources to address the most pressing issues. Use them to develop the economy, social programs, improve infrastructure”– Mikhail Mishustin, Prime Minister of the Russian Federation, emphasized.