Restructuring of State (Municipal) Debt
Restructuring of state (municipal) debt — a restructuring based on an agreement of the terms of fulfillment of obligations (debt repayment), involving the granting of deferrals, installment plans for fulfilling obligations, changing the amounts and (or) timeframes for paying interest and (or) other payments provided by existing contracts (agreements) and other documents from which these obligations arise1.
Budget Code of the Russian Federation dated 31.07.1998, as amended on 2019-08-02, Article 105, paragraph 1 // RSZ RF. 1998. No. 31. Art. 3823. ↩