Management of State (Municipal) Debt
Management of state (municipal) debt - activities carried out by authorized bodies of state authority (local self-government bodies), aimed at ensuring the needs of the public legal entity in borrowed financing, timely and full performance of state (municipal) debt obligations, minimizing expenses for servicing the debt, maintaining the volume and structure of obligations that exclude their non-performance1.
Budget Code of the Russian Federation dated 31.07.1998, as amended on 2019-08-02, Article 101, paragraph 1 // RSZ RF. 1998. No. 31. Art. 3823. ↩