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Sources of external financing of the deficit of the local budget


Sources of external financing of the deficit of the local budget - sources of external financing of the deficit of the local budget include: the difference between foreign currency credits attracted from the Russian Federation and repaid by the municipal entity, provided within the framework of the use of targeted foreign loans; the amount of funds directed to the fulfillment of guarantees in foreign currency, provided by the Russian Federation within the framework of the use of targeted foreign loans, in cases where the fulfillment of municipal guarantees by the guarantor leads to the emergence of a right of regressive claim of the guarantor against the principal1.

  1. Budget Code of the Russian Federation dated 31.07.1998, as amended on 2023-11-02, Art. 96 // RSZ RF. 1998. No. 31. Art. 3823. ↩

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