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this was stated by head RM Vladimir Volkov held on the eve of session of the state Assembly of Mordovia.

As the press service of the head of the RM, on this day the deputies approved the new Minister of Finance of the Republic became 36-summer Sergey Tyurkin.

Describing the status of the financial sector, Vladimir Volkov said that in the past two years, the Republic is actively working to reduce the debt burden. So, at the end of 2019, the national debt has been reduced from 5.1 billion rubles, which is 9 percent of the total budget indebtedness.

– We are more than 400 million rubles exceeded the target set in the agreement with the Ministry of Finance of Russia, – said the head of the RM.

He noted that despite all difficulties, the Republic is the only region in the Volga Federal district, which is planning to execute the budget in 2020 with a surplus.

– this year we have managed to solve a question of principle relating to the restructuring of our debt to the Federal budget, – said Vladimir Volkov. – The government of Russia supported our proposal to extend until 2029 repayment of budget loans granted to the Republic, in the total amount of 15.8 billion rubles. The corresponding decree was signed by Prime Minister Mikhail Mishustin.

According to the Finance Ministry of the Republic, on August, the total debt of Mordovia Republic amounted to 50.7 billion rubles, of them of 27.08 billion budget loans.

the Deferred payments will be a significant measure of support of the budget of Mordovia Republic. Only in 2020 it will free up 4 billion rubles, and in the next three years – another 9.5 billion. These funds will be spent on implementation of the national projects, the development of economy and social sphere of the Republic.

it Should be noted that, despite the crisis caused by the pandemic coronavirus, Mordovia has managed this year to increase the revenues of the Republican budget by more than 20 percent. In addition, in the near future on the development of the region will receive from the Federal government 4 billion rubles.

– Now our main task – to keep the economy, to minimize the negative impact of coronavirus and keep people’s incomes. For this you need to the end of the year, at least not to reduce production volumes and works in all directions, – said Vladimir Volkov.

Way

At the end of the spring months of this year in Mordovia Republic recorded growth in business profits to 108 percent. This is indicated by the results of a study of the international consulting FinExpertiza network. Mordovia on this indicator was among the top three regions of the country – along with the Altai Republic and the Belgorod region.