Encyclopedia
Municipal internal borrowings
Municipal internal borrowings — attracting borrowed funds in the name of a municipal entity into the local budget through the placement of municipal securities and in the form of loans from other budgets of the Russian Federation's budget system and from credit organizations, resulting in debt obligations of the municipal entity as a borrower, expressed in the currency of the Russian Federation1.
Budget Code of the Russian Federation dated 31.07.1998, as amended on 2019-08-02, Article 103, paragraph 10 // RSZ RF. 1998. No. 31. Art. 3823. ↩