Governmental debt of Nizhny Novgorod region decreased by 400 million rubles, Russia

Governmental debt of Nizhny Novgorod region has decreased by 400 million rubles over the last few months. Now it is 53 billion 620 million rubles. 15.Aug.14 2:29 PM By Abigail Richards Photo Yuliya Anikina    607

This information was provided by Ministry of Finance in Nizhny Novgorod region. According to this statement the structure of the whole governmental debt consists of government loans in the amount of 50%. These loans are taken with the help of establishing securities and registration of budget credits. Credit agreements also take place together with agreements on providing government payout guarantees. It was also said that debt of Nizhny Novgorod region has decreased by 2 billion rubles in July 2014. This is 4% from overall debt. The Head of Ministry of Finance Olga Sulima said that the overall debt on the 1st of July was 54 billion rubles. The share of debt in the field of budget revenues is 54% and is on rather stable level. In comparison in was 12% in the beginning of 2014.

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