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Nizhny Novgorod Region Debt is 56 Billion Rubles

The federal debt will be even bigger by the next year.

21.Oct.14 5:23 AM
By Mihail Prygunov


Nizhny Novgorod Region Debt is 56 Billion Rubles
In accordance with official statistics provided by Ministry of Finance in Nizhny Novgorod region, the debt of the region is 56 billion rubles considering the period up to the 1st of October 2014.

The structure of the following debt is divided into several parts. Credits from commercial banks consist of 14.6 billion rubles; budget credits include 13.07 billion rubles; security loans consist of 27.5 billion rubles; state guarantees include 739 million rubles.

Deputy Minister of Finance Olga Sulima also informed that federal debt will be increased by 13.7 billion rubles in 2015 and will consist of 80.5 billion rubles. The structure of the future federal debt of Nizhny Novgorod will look as follows: Credits from commercial banks- 40% of the budget; budget credits include 11% of the budget ; security loans consist of 48% of the budget ; state guarantees include 1% of the budget. The debt will keep going higher and will be up to 87.9 billion rubles in 2016. However it is going to start decreasing in 2917.

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