The maximum amount of the state debt of a subject of the Russian Federation, municipal debt – definition and meaning of "The maximum amount of the state debt of a subject of the Russian Federation, municipal debt"

The maximum volume of the subject of the Russian Federation's state debt, municipal debt - the maximum amount of debt of the subject of the Russian Federation, municipal debt that can be incurred during one financial year¹.

Federal Law No. 63-FZ dated April 26, 2007, "On Amending the Budget Code of the Russian Federation in Part Relating to Regulation of the Budget Process and Bringing Certain Legislative Acts of the Russian Federation into Conformity with the Budget Legislation of the Russian Federation," as amended on July 29, 2017, Article 1, Subparagraph 86 // RSZ RF. 2007. No. 18. Art. 2117. ↩