Sverdlovsk Region is 24th most efficient in government debt reduction

5 August 2013 (10:07)

August 5, 2013. Sverdlovsk Region was given the 24th position in the rating of Russian Federation constituencies that are trying to reduce the government debt: the region's debt has declined by 11.4% since the beginning of the year and came to 18.38bn RUR as of July 1, 2013. Debts came to 13.6% of the regional budget's revenues in 2012. The federal constituencies' accumulated debt came to 1.311 trillion RUR, which was down 2.9% on last year, RIA Rating, a rating agency, reports.

48 federal constituencies managed to reduce their debt in the first half of the year. All in all, the total debts of all the Russian Federation constituencies make up 25.3% of the sum of their accumulated annual incomes (excluding the uncompensated receipts).

5 federal constituencies' debts have actually risen by over 50% since the beginning of the year: Ingushetia's debt increased by 52.9% and amounted to 1.44bn RUR, Khakasia's debt rose by 61% and amounted to 7.38bn RUR, Vladimir Region's debt rose by 112.1% and amounted to 3,643bn RUR, Chukotsky Autonomous Region's debt rose by 182.4% and amounted to 13.865bn RUR, and Maritime Territory's debt rose by 332.1% and amounted to 1.938bn RUR.

The only federal constituency with no debt at all was Nenetsky Autonomous District.

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