Limit of the state debt of a subject of the Russian Federation – definition and meaning of "Limit of the state debt of a subject of the Russian Federation"

The maximum volume of the state debt of a subject of the Russian Federation means the amount of debt of a subject of the Russian Federation, the amount of municipal debt, which cannot be exceeded when implementing the corresponding budget¹.

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 August 2, 2019, Article 1, Paragraph 1#45 // Official Compilation of Legal Acts of the Russian Federation. 2007. No. 18. P. 2117. ↩