Putin Orders Cabinet to Increase Budget Loans for Regions

President Vladimir Putin instructed his Cabinet to work out the issue of increasing the maximum budget loan for regions with repayment in December 2020 by May 20, as reported by RIA Novosti.

“The Government of the Russian Federation to consider issues and submit proposals on increasing in 2020 the maximum size of the budget loan provided to the subject of the Russian Federation to replenish the balances on the account of the budget of the subject of the Russian Federation, providing for a repayment period of such a loan in December 2020. If necessary, ensure the introduction of appropriate changes to the legislation of the Russian Federation,” the statement said.

The term for the execution of the order is May 20. The Prime Minister of the Russian Federation, Mikhail Mishustin, has been appointed responsible.