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Administrators of external financing sources for budget deficits


Administrators of external financing sources for budget deficits are state authorities that have the right, in accordance with Russian Federation legislation, to conduct state external borrowings, conclude credit agreements and contracts denominated in foreign currency for attracting loans, and provide state guarantees in foreign currency1.

  1. Federal Law No. 115-FZ dated August 15, 1996 "On the Budget Classification of the Russian Federation", as amended on December 22, 2005, Article 7 // Official Gazette of the Russian Federation. 1996. No. 34. Art. 4030. ↩

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