Sverdlovsk Region Has Largest Public Debt in Ural Federal District

13 February 2020 (09:09)

UrBC, Yekaterinburg, February 13, 2020. Sverdlovsk Region’s public debt came to RUB 59.887bn on December 1, 2019, with debt/tax and non-tax revenue ratio at 26.5%, the Finance Ministry’s report states.

As for Ural Federal District’s other constituencies, Kurgan Region and Chelyabinsk Region, as well as Yamalo-Nenets Autonomous Region, had over RUB 16bn in public debt as of December 1, 2019. Khanty-Mansi Autonomous Region – Yugra came next (RUB 13bn). As of January 1, 2020, Sverdlovsk Region’s public debt reached RUB 77.1878bn, Sverdlovsk Region’s Finance Ministry reported earlier.

According to the Finance Ministry, the overall number of national constituencies with budget deficit rose to 35 in 2019 against 15 in 2018. Their share in the total number of federal subjects thus rose from 17% to 40%, or more than twice. Their consolidated budget deficit is estimated at RUB 233bn. Moscow and Moscow Region have the largest deficits (RUB 74.4bn and RUB 53.3bn, respectively), although Moscow is not even among the top ten federal subjects in terms of budget deficit percentage.

Tyva, Dagestan, Chechnya, Ingushetia, and Altay depend on government subsidies the most, while Krasnoyarsk Territory, Yamalo-Nenets Autonomous Region, and Krasnodar Territory have the largest budget surpluses (RUB 38bn, RUB 31.7bn, and RUB 31.5bn, respectively).

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