Ministry of Finance Defers Payments of Regions Debts

The Prime Minister of the Russian Federation, Mikhail Mishustin, instructed the Ministry of Finance to take measures to defer payments of the regions for debts, TASS reports. 

Mishustin said that this measure is one of the “obvious” ones regarding the regulation of financial markets. According to him, it is also necessary to carefully work out the budget parameters, choosing the priority expenditures.

It is stated, that this order must be targeted since only in this case it will be possible to see its effectiveness. Mishustin said that he instructed the heads of the constituent entities of the Russian Federation to identify those enterprises and organizations that are key to the successful development of their territories.

Ru-Main, 23.03.2020

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