Encyclopedia
Municipal external borrowing
Municipal external borrowing — attracting loans to the local budget from the federal budget in the name of the municipal entity within the framework of the Russian Federation's use of targeted foreign loans, which result in debt obligations of the municipal entity to the Russian Federation expressed in foreign currency1.
Budget Code of the Russian Federation dated 31.07.1998, as amended on 2019-08-02, Article 103, paragraph 13 // RSZ RF. 1998. No. 31. Art. 3823. ↩