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MIL OSI Translation. Region: Russian Federation –

Order of December 24, 2020 No. 3521-r

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Order of December 24, 2020 No. 3521-r

The regions will receive more than 2.5 billion rubles to maintain the stability of their budget systems. The money will arrive before the end of 2020. The order was signed by Prime Minister Mikhail Mishustin.

Funding will be directed to three regions, which, due to the pandemic, have reduced budget revenues. These are the republics of Buryatia, Ingushetia, Mordovia. Part of the tranche will go to the city of Baikonur. The subsidies will help fulfill social obligations to citizens and concentrate additional resources to combat the spread of coronavirus infection.

In 2020, about 300 billion rubles have already been allocated to balancing regional budgets. The President instructed to provide additional financial assistance.

The issue of allocating the next tranche was considered and approved at meeting of the Government on December 24.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

MIL OSI Russia News