Sverdlovsk Region’s debt grows 47% in 2014
4 March 2015 (09:09)
March 4, 2015. Sverdlovsk Region’s debt rose by 47% in 2014 and reached 49.6bn RUR on January 1, 2015, RIA Rating refers to the Russian Finance Ministry and the Federal Treasury as saying.
The debt/tax and non-tax revenue ratio changed from 9.6% to 34.8% over last year.
All in all, the accumulated government debt of all the Russian federal constituencies increased by 20% in 2014 and came to 2.089 trillion RUR on January 1, 2015.
Sverdlovsk Region Finance Minister Galina Kulachenko said earlier that the constituency’s debt would triple by January 1, 2018 and thus amount to 126.4bn RUR due to the territory’s economic difficulties.
The debt/tax and non-tax revenue ratio changed from 9.6% to 34.8% over last year.
All in all, the accumulated government debt of all the Russian federal constituencies increased by 20% in 2014 and came to 2.089 trillion RUR on January 1, 2015.
Sverdlovsk Region Finance Minister Galina Kulachenko said earlier that the constituency’s debt would triple by January 1, 2018 and thus amount to 126.4bn RUR due to the territory’s economic difficulties.
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