Encyclopedia
State (Municipal) Borrowings
State (municipal) borrowings — attracting loan funds into the budget of a public-law entity in the name of such entity through the issuance of state (municipal) securities and in the form of loans, which give rise to debt obligations of the public-law entity as the borrower1.
Budget Code of the Russian Federation dated 31.07.1998, as amended on 2019-08-02, Article 103, paragraph 1 // RSZ RF. 1998. No. 31. Art. 3823. ↩